Browse
related articles
Saudi Hollandi issues $373m sukuk
- Saudi Arabia: Wednesday, November 28 - 2012 at 04:47
Saudi Hollandi Bank (SHB), the oldest banking franchise in the kingdom, has announced the completion of a SR1.4bn ($373.3m) Islamic bond issue, Saudi Gazette has reported. The subordinated sukuk, which will boost the bank's Tier II capital ratio, has a seven-year maturity, but can be redeemed by the issuer after the end of the fifth year, SHB said. The issuance was marketed to Saudi investors, including government funds, banks, insurance companies, corporates and sophisticated investors, it said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
