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Saudi National Bank gets $750 million via debut 'sustainable' sukuk
Saudi National Bank , the kingdom's largest lender that is 50.4% indirectly owned by the government, sold $750 million in debut "sustainable" sukuk on Wednesday after demand topped $3.2 billion, a bank document showed. The five-year Islamic bonds launched at 85 basis points (bps) over U.S. Treasuries (UST), tightened from…
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Click here to read the full story: Reuters