Mr Viral
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Saudi Aramco, the world’s biggest oil company, attracted significant demand for its Islamic bond sale today, Sept. 10, Reuters reported.
Order books for the two-tranche sukuk, stood at more than $16.5 billion at around 12:15 GMT, fixed income publication IFR reported.
Strong demand led Aramco to reduce the initial price guidance for the five-year sukuk return to 70 basis points over US Treasuries…
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