Saudi Electricity Co. headquarters
Saudi Electricity Co. (SEC) set an initial price guidance for its 10-year green sukuk issuance at 165 basis points (bps) over US Treasuries (UST), Reuters reported, citing a document.
The utility also set an initial price guidance for its 30-year conventional sukuk offering at 240 bps over UST.
SEC recently announced plans for an international sukuk program. Roadshows with fixed-income investors were scheduled to start on March 31, SEC added, expecting US dollar denominated green and/or conventional Sukuk offering to follow based on market conditions, Argaam earlier reported.
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