抖阴短视频

DUBAI: State-run Saudi Telecom has issued $1.25 billion in international sukuk, or Islamic bonds, the company said on Sunday.
The 10-year bonds 鈥� the first US dollar denominated sukuk issued by the company 鈥� have been arranged by HSBC, JPMorgan, Standard Chartered, Samba, First Abu Dhabi Bank and KFH.
Saudi Telecom鈥檚 new bonds, which will be listed on the Irish Stock Exchange, offer a 3.89 percent return.
That yield is around 25 basis points higher than US dollar-denominated Saudi government bonds with a similar maturity, but around 8 points below international sukuk issued by the state-owned Saudi Electricity Co.
Saudi Telecom 鈥� which is 70 percent owned by 抖阴短视频鈥檚 Public Investment Fund 鈥� started marketing its debut sukuk on Thursday with an initial price guidance of around 155 basis points over midswaps. The final pricing was 20 basis points tighter.
Fund managers said the initial price guidance was 鈥渢ight鈥� but that the paper would have nevertheless attracted good demand given the low number of sukuk issues in the market and pent up demand from shariah-compliant buyers.
The bonds attracted $4.5 billion in orders, Refinitiv鈥檚 IFR, a fixed income news service, reported.