Saudi Electricity tightens price guidance for its two-part sukuk - IFR

Fahad Shadeed

The price guidance for its 5-year sukuk tightened to 100 basis points over U.S. Treasuries from 130 BPS released earlier in the day

Mohammad Edrees, Reuters News

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Saudi Electricity Company, the kingdom's electric transmission monopoly, has tightened price guidance for its dual-tranche sukuk sale after it received more than $11 billion in combined orders, fixed income news service IFR said on Tuesday.

The price guidance for its 5-year sukuk tightened to 100 basis points over U.S. Treasuries from 130 BPS released earlier in the day, while price guidance for its 10-year sukuk came down to 115 BPS over same benchmark from earlier 145 BPS, IFR said.

(Reporting by Mohammad Edrees, Editing by Louise Heavens)

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