Hedge Funds & Alternative Investments
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Saudi Awwal Bank to issue SAR-denominated AT1 sukuk
Saudi Arabia’s Awwal Bank. rated A1 by Moody’s (Stable) and A- by Fitch (Stable), plans to issue a riyal-denominated Additional Tier 1 sukuk via private placement. The bank has mandated HSBC Saudi Arabia as sole arranger and dealer for the transaction. HSBC Holdings owns a 31% stake in the Saudi…
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