Saudi Arabia raises $3.25 billion in two-tranche sukuk sale
Saudi Arabia raised $3.25 billion in a two-tranche U.S.-dollar-denominated sukuk sale, according to IFR. The issuance was its second debt market transaction this year and first since tensions with Iran escalated.
By Mohd EdreesSaudi Arabia has raised $3.25 billion in a two-tranche sale of U.S. dollar-denominated Islamic bonds, or sukuk, IFR reported on Tuesday, marking the kingdom's second debt market transaction this year and its first since tensions with Iran escalated.The issuance comprised $1.25 billio…