Saudi Arabia sells $6 billion in two-tranche Islamic bonds ...Kuwait

Saudi Arabia has raised $6 billion from the sale of Islamic bonds, or sukuk, a document from a lead manager showed, returning to the debt markets for the second time this year, amid continued pressure on global oil prices and a cloudy macroeconomic outlook. The kingdom sold a $3 billion six-year tranche at 80 basis points (bps) over U.S. Treasuries (UST) and another $3 billion in 10-year notes at 100 bps over UST, tighter than guidance released on Monday, amid strong investor demand. Order books for the deal, open to investors in the United States, hit over $27 billion ahead of the launch, according to a separate bank document seen on Monday. Proceeds from the sale wi

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