Middle East Economic Survey
VOL. LIII
No 30
26-Jul-2010
SAUDI ARABIA
Saudi BinLadin Group Issues $187Mn Sukuk
The Saudi BinLadin Group, a private contractor based in the kingdom, issued a SR700mn ($187mn) Sukuk al-Murabaha on 12 July. The issue was oversubscribed two and a half times, and achieved some notable firsts, said HSBC Saudi Arabia: the first short term issuance in Saudi Arabia; the first credit enhanced structure incorporating the sharing of assigned government contract payment; and the...
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