PIF draws $4.75B in sukuk orders: Report

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Saudi Arabia’s Public Investment Fund (PIF) drew over $4.75 billion in orders for its dollar-denominated 7-year dollar sukuk, Bloomberg reported, citing a source.

 

The sukuk was initially priced at 145 basis points over US Treasuries. Offers exclude joint lead managers.

 

Reuters reported that PIF started accepting bids today for the dollar-denominated 7-year sukuk, according to Argaam’s data.

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