Saudi Arabia selling two-tranche dollar sukuk ...Kuwait

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Saudi Arabia selling two-tranche dollar sukuk
Saudi Arabia returned to the debt markets on Monday for the second time this year, offering dollar Islamic bonds with tenors of six and ten years, a bank document showed on Monday. Initial guidance for the six-year sukuk was around 110 basis points (bps) over U.S. Treasuries (UST) and around 135 bps over UST for the 10-year, the document on the sale showed. Citi, JPMorgan and Standard Chartered are global coordinators. Aljazira Capital, BNP Paribas and Goldman Sachs are also on the deal. The world's top oil exporter last tapped the public debt markets in January, raising $10 billion with three-tranche conventional bonds. High oil prices helped Saudi Arabia tilt to it

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