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.