News Column

SAUDI ARABIA: BSF plans $533m sukuk

June 1, 2014

Banque Saudi Fransi (BSF) plans to sell a capital-boosting Islamic bond worth around SR2 billion ($533 million), two banking sources aware of the matter said, with a deal likely to happen by the end of June. The bank has chosen its own investment banking arm, Saudi Fransi Capital, to arrange the transaction, Reuters reported the sources as saying.

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Source: Gulf, The (Bahrain)

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