Dar Al Arkan’s USD 750 mn sukuk issuance sees strong demand
The offering matures in July 2030, with a 7.25% yield annually
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The offering matures in July 2030, with a 7.25% yield annually
AND- Saudi and Panama to cooperate on air transport regs
Standard 62’s ownership amendments would see sukuk more closely resemble an equity investment
The issuance featured four tranches
The green tranche is the first such offering from a sovereign in the MENA region
The notes have no fixed maturity date
The issuance was structured in five tranches
The Kingdom is set to account for the lion’s share of bond maturities in the GCC from 2025 to 2029
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