Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
CAPITAL MARKETS
Saudi Hollandi Bank To Issue Bond
Saudi Hollandi Bank (SHB) announced it will launch a bonds issue to raise tier-II capital. Although the offering is estimated at SR700mn ($186.7mn), its ultimate size will depend on investors demand. The subordinated callable floating rate notes are tradable and have a maturity term of seven years (they are due in 2011). The special feature of this offering is to grant the issuer a call...
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