(Bloomberg) -- Saudi Arabia's Saad Trading Contracting & Financial Services Co., owned by billionaire Maan al-Sanea, sold $650 million of Islamic bonds, the second-largest sale of such securities by a company from the nation.
The floating-rate bonds maturing in May 2012 were sold to yield 85 basis points more than the six-month, dollar London interbank offered rate, according to data compiled by Bloomberg. Six-month Libor is 5.358 percent. A basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment