By anas on Thursday, 19 June 2014
Category: Muslim Businesses Blog

Banque Saudi Fransi says completes 2 bln riyal capital-boosting sukuk

DUBAI, June 19 (Reuters) - Banque Saudi Fransi 1050.SE , the kingdom&aposs fourth-largest listed lender, has completed a capital-boosting sukuk issue worth 2 billion riyals ($533 million), it said in a statement on Thursday.The Islamic bond, which has a ten-year lifespan but with an option for the bank to repay investors after the fifth year, priced at 140 basis points over the three-month Saudi i
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