State-controlled Saudi Electricity Company (SEC) has generated a lot of investor interest for its $1.3 billion international green sukuk offering, which received orders of more than $5 billion, it has been confirmed.
The kingdom’s electric transmission monopoly last week announced the sale of bonds in a two-part offering, denominated in US dollars. It's the first public green issuance from the region this year and the proceeds will be used for green-friendly projects.
The high interest received from investors in the Middle East, Asia and Europe pushed the oversubscription rate to four times, the company said in bourse filing on Sunday.
- VIP NewsHound
- Posts : 1483
Join date : 2018-07-09
Location : So Cal
claud39 likes this post