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HomeFinanceSovereign Wealth Fund Launches Islamic Dollar Bonds

Sovereign Wealth Fund Launches Islamic Dollar Bonds

7-Year Bonds Open with Price Guidance Over Treasuries

February 27, 2024
in Finance
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Saudi Arabia’s state-owned investment engine has initiated the process of issuing senior 7-year Islamic bonds denominated in US dollars, as disclosed in a document from an organizing bank that came to the attention of financial news outlets on a recent Tuesday.

The preliminary price indication for this bond issuance has been established at approximately 115 basis points above the benchmark U.S. Treasuries, according to the details in the document.

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Tags: Debt SaleDollar BondsIslamic Financesaudi arabiaSovereign Wealth Fund
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