PIF plans to issue sterling-denominated bonds: Report

Logo of The Public Investment Fund (PIF)

The Public Investment Fund (PIF) appointed certain banks to issue dual-tranche sterling-denominated bonds, Reuters reported.

 

The fund tasked Barclays, BNP Paribas, HSBC, and JPMorgan as joint global coordinators to arrange meetings with investors starting today, June 3, according to the news agency, citing fixed income news service International Financing Review (IFR).

 

Additionally, the PIF intends to sell unsecured bonds in two tranches with maturities of five years and 15 years.

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