Saudi National Bank to list USD Formosa bonds in Taipei and London
The bonds are guiding on a SOFR +120 basis points price
Available in your choice of English or Arabic
The bonds are guiding on a SOFR +120 basis points price
The top 10 corporate issuances by value all came from Saudi entities, with the largest being Aramco’s USD 2 bn
The green tranche is the first such offering from a sovereign in the MENA region
Offering was 6x oversubscribed by 300 investors
The issuance was structured in four tranches
The offering is available to local and foreign eligible investors
Rawasi Albina will use sukuk proceeds for corporate funding via mudaraba and murabaha
The issuance will be listed on the London Stock Exchange’s International Securities Market
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