Islamic Finance
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Saudi Bank Albilad mandates banks on USD-denominated AT1 sukuk
Saudi Arabia’s Bank Albilad has mandated banks to arrange a USD-denominated Additional Tier 1 (AT1) sukuk issuance by way of private placement under the lender’s $2 billion AT1 capital sukuk programme. HSBC Bank plc, Albilad Capital, Goldman Sachs International, and Emirates NBD Bank PJSC are tapped as joint lead managers…
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