Saudi Arabia’s Public Investment Fund (PIF) has tapped global markets for a mega-sukuk worth US$2 billion, bringing its total debt to an estimated US$36 billion - and it unlikely to stop its borrowing spree.The yield on the seven-year US dollar-denominator Islamic bond was set at 85 basis points above US...
Saudi Arabia’s Public Investment Fund (PIF) has tapped global markets for a mega-sukuk worth US$2 billion, bringing its total debt to an estimated US$36 billion - and it unlikely to stop its borrowing spree.The yield on the seven-year US dollar-denominator Islamic bond was set at 85 basis points above US...