Saudi Electricity to plan dollar bonds issue, say sources

09/09/2020 Argaam

Saudi Electricity Co. (SEC), the Kingdom's utility provider, plans to issue dollar-denominated bonds soon, Reuters reported, citing unnamed sources.

 

The company, which holds monopoly in electricity transmission in the country, plans to sell green sukuk, or Islamic bonds, and use proceeds for environment-friendly projects.

 

According to data available with Argaam, SEC signed a seven-year syndicated Murabaha agreement with a number of local banks at SAR 9 billion to finance the company's purposes including capex.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.