Saudi Arabia intends to price $2.5 billion 10-year sukuk

By Rebecca Melvin

New York, Oct. 22 – Saudi Arabia plans to price a $2.5 billion 10-year sukuk under Rule 144A and Regulation S, according to a regulatory notice on Tuesday.

The issuer is KSA Sukuk Ltd., a special-purpose vehicle.

J.P. Morgan Securities plc, Standard Chartered and Aljazira Capital are joint bookrunners of the senior unsecured trust certificates, which will be listed on the London Stock Exchange.

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