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Oct 16 (Reuters) – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired banks to arrange its debut dual-tranche U.S. dollar-denominated sukuk, a document showed on Monday.
The planned issuance will include 5-year and 10-year tranches under SUCI Second Investment Company’s trust certificate issuance programme, subject to market conditions, it said.
Citi, HSBC, J.P. Morgan and Standard Chartered Bank have been mandated as joint global coordinators and joint active bookrunners to organise a series of fixed income investor calls commencing on October 16.
Reporting by Shamsuddin Mohd; editing by Jason Neely
Our Standards: The Thomson Reuters Trust Principles.
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