Money Talks

Saudi Arabia to sell Islamic bonds worth $2B


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Saudi Arabia has started marketing dollar-denominated Islamic bonds worth billions of dollars. It is the kingdom's second international sale of so-called sukuk since last year, with Citigroup, HSBC and JPMorgan among the banks working on the deal. The government has raised a total of $50 billion since it entered international debt markets in 2016 to try to diversify its oil-dependent economy. For more on the story we speak to TRT World Editor-at-large Craig Copetas.
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