Saudi Arabia Draws Over $12 Billion of Orders for Two Dollar-Denominated Sukuk Sales

According to Wallstreetcn, Saudi Arabia issued two benchmark-sized dollar-denominated sukuk and received more than $12 billion in indications of interest, with initial discussions on the 10-year bond priced at about 100 basis points above comparable U.S. Treasury yields and the longer-dated bond expected to price about 110 basis points above comparable U.S. Treasury yields.