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HomeFinanceBanking Giant Taps Sukuk Market for 5-Year Issuance

Banking Giant Taps Sukuk Market for 5-Year Issuance

Initial Price Guidance Set for Dollar-Denominated Sukuk

January 19, 2024
in Finance
Reading Time: 1 min read
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Banque Saudi Fransi, based in Riyadh, has outlined initial price guidance for its upcoming five-year sukuk issuance, positioning it at approximately 135 basis points over U.S. Treasuries. This information comes from a document issued by one of the banks organizing the deal.

The financial institution seeks to release benchmark-sized, dollar-denominated senior sukuk as part of its substantial $4 billion trust certificate issuance program. This move aligns with the lender’s strategic financial endeavors and taps into the growing market for Islamic financial instruments.

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Tags: Banque Saudi FransiDollar-denominatedIssuance programSukukTrust certificate
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