This version includes categories that have been priced according to the SAR index for medium-rate swaps, as the Saudi Real Estate Refinancing Company is the first Saudi issuer in the SAR index for medium-rate swaps to issue bonds Financial at a fixed exchange rate denominated in riyals, which has several future maturities between 5, 7 and 10 years, similar to government bonds, which contributes to developing the fixed exchange rate issuance index in Saudi Arabia.
Fabrice Soussini, CEO of the Saudi Real Estate Refinance Company, appreciated the investors in the issue, indicating that the company sees the increased demand as an incentive for them to move forward towards continuing to work to meet the requests of investors Wishing to purchase the instruments.
Majed Najm, CEO and member of the HSBC Saudi Arabia Board of Directors, said: “We had the honor to work with the Saudi Real Estate Refinance Company in this important deal. We are grateful to them, and to the Public Investment Fund, for having given us the opportunity to be part of this success. Adding that the Saudi market has proven its ability to adapt despite the conditions in the region’s markets, which made the strong desire of international investors to invest in bonds issued by high-quality institutions or government agencies related to the Kingdom’s vision.
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