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Saudi Binladin Group plans sukuk sale
- Saudi Arabia: Wednesday, March 13 - 2013 at 02:38
Saudi Binladin Group is meeting fixed income investors, as it plans to issue a new local currency Islamic bond, Reuters has reported, citing sources aware of the matter. The company was last in the market in August when it issued a SR1bn ($266.7m) one-year sukuk through HSBC's Saudi Arabian unit. Roadshows are set to take place this week and next, at which point the size and pricing of the deal would be determined, a banking source said.
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