(Bloomberg) -- The following is a list of pending
Islamic bond sales. The securities comply with the religion's ban
on paying interest and on investing in companies that have
businesses in alcohol, tobacco or gaming.
SAUDI BASIC INDUSTRIES CORP., the world's biggest chemical
maker by market value, won approval from Saudi Arabia's Capital
Markets Authority to sell as much as 5 billion riyals ($1.3
billion) of Islamic bonds. Saudi Basic will sell 20-year bonds in
six Gulf Arab states, including Kuwait and the United Arab
Emirates, said Alan Lowe, head of corporate finance at Riyad Bank,
which is arranging the sale with HSBC Holdings Plc.
Read more at Bloomberg Bonds News
Islamic bond sales. The securities comply with the religion's ban
on paying interest and on investing in companies that have
businesses in alcohol, tobacco or gaming.
SAUDI BASIC INDUSTRIES CORP., the world's biggest chemical
maker by market value, won approval from Saudi Arabia's Capital
Markets Authority to sell as much as 5 billion riyals ($1.3
billion) of Islamic bonds. Saudi Basic will sell 20-year bonds in
six Gulf Arab states, including Kuwait and the United Arab
Emirates, said Alan Lowe, head of corporate finance at Riyad Bank,
which is arranging the sale with HSBC Holdings Plc.
Read more at Bloomberg Bonds News
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