Saudi led GCC sustainable sukuk market market in 1H 2024 -Moody’s
Moody’s sees Saudi rolling out its first sovereign sustainable sukuks soon
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Moody’s sees Saudi rolling out its first sovereign sustainable sukuks soon
The issuance is still pending regulatory approval
The state owned oil giant raised USD 6 bn in its first bond sale in three years in July
The issuance was structure in six tranches
The bank will issue an undisclosed amount of sukuk as part of the program via private placement
Sukuk made up nearly two-thirds of the total
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