Saudi Arabia plans an Islamic bond to cash in on lower borrowing costs
The kingdom has been one of the biggest issuers in emerging markets, and hopes to raise about $32bn in local- and foreign-currency debt this year
30 September 2019 - 13:19
Dubai — Saudi Arabia is considering selling a dollar-denominated Islamic bond as early as next month as the kingdom seeks to take advantage of lower borrowing costs, according to people with knowledge of the matter.
The government is close to hiring banks for the possible sukuk sale, the people said, asking not to be identified because the information is private. A spokesperson for the finance ministry did not immediately respond to requests to comment...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.