Tagged: Saudi Electricity Company

Saudi sukuk pushes Islamic finance tenors

Islamic Finance

2013-05-02

Saudi sukuk pushes Islamic finance tenors

Saudi Electricity Company (SEC) has issued the world’s first international 30-year sukuk. The benchmark $2 billion deal is SEC’s first sukuk offered to US and other international investors. More tan six-and-a-half times oversubscribed, the sukuk eviden…

Hard work pays off for SEC in landmark 30yr sukuk

Islamic Finance

2013-04-02

Hard work pays off for SEC in landmark 30yr sukuk

The sukuk market had its eyes opened to an expansive new landscape this week, as Saudi Electricity Company defied the doubters to bring the first ever benchmark dollar 30 year tranche, writes Dan Alderson.

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Fitch assigns Saudi Electricity Company Sukuk ‘AA-(EXP)’ expected rating

Islamic Finance

2013-03-20

Fitch assigns Saudi Electricity Company Sukuk ‘AA-(EXP)’ expected rating

Fitch Ratings has assigned Saudi Electricity Company’s (SEC) upcoming international Sukuk issue a ‘AA-(EXP)’ expected rating. The rating is in line with SEC’s ‘AA-‘ Long-term Issuer Default Rating (IDR) and senior unsecured rating and SEC’s 2012, 2010,…

GCC sees surge in Islamic lending

Islamic Finance

2012-08-14

GCC sees surge in Islamic lending

The GCC countries expect a record year for sukuk issuances in 2012. Already the first half of the year was marked by explosively growing sukuk issuances that reached to US $12.8 billion compared to US$1.9 billion issuead in the same period last year. T…

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