Saudi Civil Aviation $4 Billion Sukuk May Be Priced to Yield 2.75% to 3%

The 10-year Islamic bonds of Saudi Arabia’s General Authority of Civil Aviation may be priced to yield 2.75 percent to 3 percent, two investors familiar with the transaction said.

The authority plans to raise 15 billion riyals ($4 billion) from the sale that starts today, they said, declining to be identified because the deal hasn’t been made public.

To contact the reporter on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net