HSBC, Samba lead arrangers for Saudi Sukuk

HSBC, Samba lead arrangers for Saudi Sukuk. (AP)

Saudi Electricity has appointed HSBC and Samba Capital as lead arrangers for its Islamic bond or sukuk, to raise up to $1.9 billion, said two bankers familiar with the matter. The bond will launch in May and will be a minimum of SR5 billion (Dh4.89bn). The proceeds will be used to fund expansion plans.

 

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