Islamic Finance
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Saudi ACWA Power completes $480mln local currency sukuk issue
Saudi Arabia's ACWA Power has completed its sukuk, or Islamic bond, offering of 1.8 billion riyals ($480 million). The sukuk was priced at three-month SAIBOR + 0.95% per annum with a step-up to three-month SAIBOR + 1.05% per annum from the fifth year of issue, the utility operator said in…
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