Publisher: Maaal International Media Company
License: 465734
Thursday, 17 April 2025
PIF sets 7-year bond yield at 85 points above US bonds
A banking document showed on Tuesday that the Public Investment Fund set the return on its standard seven-year dollar-denominated sukuk at 85 basis points above US Treasury bonds.
According to Reuters, the fund reduced the return from the initial guidance of 115 basis points earlier on Tuesday after orders exceeded $17 billion.
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