April 4, 2017 / 5:15 PM / 9 months ago

RPT-Saudi finance ministry mandates banks to arrange first international dollar sukuk

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DOHA, April 4 (Reuters) - Saudi Arabia has mandated investment banks to arrange the kingdom’s first international sukuk denominated in dollars, the finance ministry said.

The ministry said in a statement it had appointed a number of local and global banks to coordinate meetings with fixed-income investors that would start on Sunday after which the sukuk would be issued according to capital market conditions. (Reporting by Reem Shamseddine; Writing by Tom Finn; editing by John Stonestreet)

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