November 19, 2019 / 6:12 AM / 23 days ago

Saudi mall operator Arabian Centres starts marketing debut dollar sukuk

DUBAI, Nov 19 (Reuters) - Saudi mall operator Arabian Centres started marketing on Tuesday its debut five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document by one of the banks leading the deal showed.

The notes - of benchmark size, which generally means upwards of $500 million - were offered to investors with an initial price guidance of around 5.75%.

Goldman Sachs and HSBC have been appointed to coordinate the deal.

Reporting by Davide Barbuscia Editing by Shri Navaratnam

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