Alinma Bank initiates sale of AT1 sukuk – document

Saudi-based Islamic lender Alinma Bank has given initial price guidance of around 7% for its additional Tier 1 sukuk non-callable for 5.5 years, a lead manager document showed on Wednesday. The Islamic lender plans to sell benchmark-sized U.S. dollar-denominated perpetual Additional Tier 1 Capital Certificates through a special purpose vehicle,…