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Saudi Aramco has set the initial price guidance for five- and 10-year dollar-denominated sukuk, a document seen by Reuters showed on Wednesday.
Reuters reported on Tuesday that the company is seeking to raise up to $3 billion from the offering.
The document indicated that the indicative price for the five-year sukuk was set at around 120 basis points above US Treasury bonds and for the ten-year sukuk at around 135 basis points above Treasury bonds.
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