HSBC completes the first government Sukuk in Saudi Arabia
2/10/2012 3:10:35 PM
HSBC announced that it has completed the first ever government guaranteed Sukukin Saudi Arabia for Saudi Arabia's General Authority of Civil Aviation ("GACA"). Raising SAR 15 billion (US$4 billion) for GACA, the Sukuk achieved a profit rate of 2.5%.
HSBC acted in sole capacity as Lead Manager and Bookrunner, Sukuk Arranger, Shari'ah Coordinator, Sukuk Holders' Agent, and Payment Administrator.
No comments:
Post a Comment