(Bloomberg) -- Saudi Basic Industries Corp., the
world's biggest chemicals maker by market value, increased the
yield spread on an Islamic bond sale after boosting the size of the
deal to $2.1 billion amid ``market volatility.''
The bonds, known as sukuk al-Istithmar, will pay 38 basis
points more than the Saudi interbank offered rate, Rajiv Shukla,
director of investment banking at sale manager HSBC Holdings Plc
in Saudi Arabia, said in an interview today.
Read more at Bloomberg Bonds News
world's biggest chemicals maker by market value, increased the
yield spread on an Islamic bond sale after boosting the size of the
deal to $2.1 billion amid ``market volatility.''
The bonds, known as sukuk al-Istithmar, will pay 38 basis
points more than the Saudi interbank offered rate, Rajiv Shukla,
director of investment banking at sale manager HSBC Holdings Plc
in Saudi Arabia, said in an interview today.
Read more at Bloomberg Bonds News
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