BSF completes SR2bn capital-boosting Islamic bond | BSF completes SR2bn capital-boosting Islamic bond -
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BSF completes SR2bn capital-boosting Islamic bond

: Sunday, June 22 - 2014 @ 00:41

Banque Saudi Fransi (BSF) has said it has completed a capital-boosting sukuk issue worth SR2bn ($533m), Reuters has reported. The kingdom’s fourth-largest listed lender said the transaction, which will boost the bank’s Tier 2 capital, will support its capital base and future growth. The Islamic bond, which has a ten-year lifespan but with an option for the bank to repay investors after the fifth year, was priced at 140 basis points over the three-month Saudi interbank offered rate (Saibor).

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Sunday, June 22- 2014 @ 0:41 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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