• Register

STC issues SR2bn debut Islamic bond

: Wednesday, June 11 - 2014 @ 00:22

Saudi Telecom Co (STC) has said it had completed a SR2bn ($533m), 10-year debut sukuk issue, Reuters has reported. The issue, which was almost two times oversubscribed, carried a floating profit rate of 70 basis points over the three-month Saudi interbank offered rate, currently at 0.9525%. Government investors, banks, asset managers and insurance companies bought the sukuk, the STC said.

Today's Top Stories

Posted by

Wednesday, June 11- 2014 @ 0:22 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.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs