Saudi's NCB settles issuance of $719m sukuk
DUBAI, December 23, 2015
Saudi Arabia's National Commercial Bank (NCB) has completed a subordinated Additional Tier 1 Capital Sukuk worth worth SR2.7 billion ($719.54 million), the company announced in a bourse statement on Wednesday.
The sukuk issue would be through private placement, the statement added.
NCB Capital Company acted as the sole lead manager for the issuance. - Reuters
