SNB raises SAR 1.73 bn in AT1 sukuk sale
The sukuk carry a 6% annual return until June 2030
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The sukuk carry a 6% annual return until June 2030
The upcoming issuances comes on the heels of a 5 USD bn bond sale last week
The issuance was divided into four tranches
The perpetual certificates carry a fixed annual return of 6.5%
The US is no longer AAA-rated by any of the Big Three agencies for the first time in history
The total GCC debt market crossed USD 1 tn by the end of March
Interest costs hit a 17-year high, reaching 3.3% of GDP in 2024
The first major sale could potentially come as early as this year
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