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MENAFN - 10/04/2014
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(MENAFN) Saudi Press Agency reported that the Saudi Electricity Company (SEC) has allocated two global sukuk worth USD2.5 billion, according to Arab News

The company has issued the bonds in two separate tranches; a ten-yea bond worth USD1.5 billion, and a thirty-year bond worth USD1 billion

SEC said the pricing guidance was set at 4.25 percent to 4.375 percent on the shorter tranche and 5.625 percent to 5.75 percent on the longer one



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