SAUDI ARABIA: Saudi Electricity Company (SEC) is set to price two tranches of its dollar-denominated benchmark-sized Sukuk. However, there were no updates on its pricing at time of press.
The notes, which hold a 10-year and 30-year maturity respectively, have already received book orders of up to US$2.5 billion.The initial price guidance has already been set at 175 bps and 210 bps over equivalent US Treasury for both offerings.