PHOTO
A man looks at dairy products produced by Almarai at a grocery in Riyadh, Saudi Arabia June 2, 2016. Faisal Al Nasser, Reuters Image used for illustrative purpose.
DUBAI - Saudi Arabian food and beverage company Almarai has given initial price guidance of around 180 basis points over U.S. Treasuries for dollar-denominated 10-year Islamic bonds, a bank document showed on Tuesday.
The deal is expected to price later on Tuesday, the document from one of the arranging banks showed.
(Reporting by Yousef Saba; editing by Jason Neely)
