Saudi Arabia’s Public Investment Fund (PIF) has recently fine-tuned the yield for its seven-year, dollar-denominated sukuk securities. The yield is now established at 85 basis points over US Treasuries, marking a decrease from the preliminary guidance of 115 basis points that was set earlier.
This adjustment reflects the robust interest from investors, with the fund witnessing orders that soared past $17 billion. The high demand indicates strong investor confidence in the financial instrument offered by the Kingdom’s sovereign wealth fund.