Saudi PIF offers indicative pricing for 10-year Islamic bonds, document shows
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Saudi Arabia's Public Investment Fund (PIF) has announced indicative pricing for dollar-denominated 10-year Islamic bonds, with a benchmark price set at 120 basis points over U.S. Treasuries. Citi, J.P. Morgan, and Standard Chartered Bank are the global coordinators, while several banks including Abu Dhabi Commercial Bank and HSBC are joint lead managers. The bonds are anticipated to launch on Wednesday.
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