Saudi Electricity sets price guidance for green, conventional sukuk: Document

03/04/2023 Argaam

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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