Islamic Finance
Uncategorized
Riyad Bank sells $750mln in perpetual sustainability sukuk
Riyad Bank, which is 43% indirectly owned by the Saudi government, sold $750 million in Additional Tier 1 (AT1) Islamic bonds linked to sustainability at 4%, a bank document showed on Wednesday. The yield was tightened from initial price guidance of around 4.375% after demand exceeded $3 billion, the document…
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