Middle East Economic Survey
VOL. LIII
No 20
17-May-2010
SEC Sukuk Oversubscribed, Tests Longer Tenor
Saudi Electricity Companys (SECs) Sukuk (an Islamic product similar to bonds) have come in oversubscribed, with the SR7bn ($1.87bn) issue attracting an order book of over SR27bn ($7.20bn). They break new ground with the seven-year tenor surpassing the five years carried by previous Sukuk issues by SEC and petrochemicals giant Saudi Basic Industries Corporation (SABIC). This is the first corporate...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!