The bonds were launched at 85 basis points over U.S. Treasuries
PHOTO
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has launched $2 billion dollar-denominated 7-year Islamic bonds or sukuk, according to an arranging bank document seen by Reuters.
The bonds were launched at 85 basis points over U.S. Treasuries, tighter than the initial guidance of 115 bps over the same benchmark after the offer received a more than $16 billion in orders, the document showed. (Reporting by Shamsuddin Mohd; Editing by Kim Coghill)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
