A document expects that Saudi Aramco will raise $6 billion today

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It revealed that the benchmark rate shrank to 70 basis points above US bonds

A document showed that Saudi Aramco is expected to raise $6 billion in sukuk today, as requests to subscribe for sukuk rose from $33 to $55 billion, according to “Reuters”.

In detail, the document issued by a bank revealed that the indicative price of the sukuk shrank to about 70 basis points above US Treasuries for the three-year tranche, about 90 basis points above US Treasuries for the five-year segment, and about 125 basis points above US Treasuries for the term segment. Ten years, all segments increase or decrease 5 basis points.

The initial indicative price was at about 105 basis points over the three-year US Treasuries, about 125 basis points over the five-year US Treasuries, and about 160 basis points over the 10-year US Treasury bonds.

According to recent reports, Saudi Aramco announced the day before yesterday the start of issuing international Sharia-compliant sukuk in dollars under its sukuk issuance program, with the offering ending on June 17, 2021.

Reuters reported, on Wednesday, that the international dollar-denominated sukuk issued by Aramco will be over a period of 3, 5 and 10 years.

A document expects Saudi Aramco to raise $6 billion in sukuk today

previously

A document showed that Saudi Aramco is expected to raise $6 billion in sukuk today, as requests to subscribe for sukuk rose from $33 to $55 billion, according to “Reuters”.

In detail, the document issued by a bank revealed that the indicative price of the sukuk shrank to about 70 basis points above US Treasuries for the three-year tranche, about 90 basis points above US Treasuries for the five-year segment, and about 125 basis points above US Treasuries for the term segment. Ten years, all segments increase or decrease 5 basis points.

The initial indicative price was at about 105 basis points over the three-year US Treasuries, about 125 basis points over the five-year US Treasuries, and about 160 basis points over the 10-year US Treasury bonds.

According to recent reports, Saudi Aramco announced the day before yesterday the start of issuing international Sharia-compliant sukuk in dollars under its sukuk issuance program, with the offering ending on June 17, 2021.

Reuters reported, on Wednesday, that the international dollar-denominated sukuk issued by Aramco will be over a period of 3, 5 and 10 years.

Jun 09, 2021 – Shawwal 28, 1442

08:35 PM


It revealed that the benchmark rate shrank to 70 basis points above US bonds

A document showed that Saudi Aramco is expected to raise $6 billion in sukuk today, as requests to subscribe for sukuk rose from $33 to $55 billion, according to “Reuters”.

In detail, the document issued by a bank revealed that the indicative price of the sukuk shrank to about 70 basis points over US Treasuries for the three-year tranche, about 90 basis points above the US Treasury bonds for the five-year tranche, and about 125 basis points over US Treasuries for the term segment. Ten years, all segments increase or decrease 5 basis points.

The initial indicative price was at about 105 basis points over the three-year US Treasuries, about 125 basis points over the five-year US Treasuries, and about 160 basis points over the 10-year US Treasury bonds.

According to recent reports, Saudi Aramco announced the day before yesterday the start of issuing international Sharia-compliant sukuk in dollars under its sukuk issuance program, with the offering ending on June 17, 2021.

Reuters reported, on Wednesday, that the international dollar-denominated sukuk issued by Aramco will be over a period of 3, 5 and 10 years.





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