BSFR planning $533m sukuk

: Wednesday, May 14 - 2014 @ 02:06

Banque Saudi Fransi (BSFR), the Saudi lender part-owned by Credit Agricole, is planning to raise about SR2bn ($533m) to boost its capital base, Bloomberg has reported, citing to two people familiar with the matter. The Riyadh-based lender’s investment banking arm, Saudi Fransi Capital, will help arrange the sale of capital-boosting Tier 2 sukuk, the people said. The sale could take place within the next month, according to the people.

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Wednesday, May 14- 2014 @ 2:06 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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