Saudi Arabia hires banks for debut US dollar benchmark sukuk
[LONDON]The Kingdom of Saudi Arabia has mandated Citigroup, HSBC and JP Morgan as global coordinators to arrange fixed income meetings ahead of a debut US dollar benchmark sukuk offering across five and 10-year maturities, according to a lead.
The meetings will take place in Abu Dhabi, Dubai and London, commencing April 9.
BNP Paribas, Deutsche Bank and NCB Capital, along with the global coordinators, are mandated as joint lead managers and bookrunners for the Reg S/144A trade.
The sovereign is rated A1 by Moody's and A+ by Fitch.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
ADB agrees to US$5 billion funds replenishment with donors
Dollar drops as employers add fewer jobs than expected in April
HSBC has no plans to dispose of further businesses, chairman says
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Danske’s net income rises 9% helped by higher interest rates