Saudi PIF sets 7-year sukuk yield at 85 basis points above US Treasuries: Reuters

RIYADH: Saudi Arabia’s Public Investment Fund has set the yield for its seven-year dollar-denominated sukuk at 85 basis points above US Treasuries, according to a banking document reported by Reuters on Tuesday.
The Kingdom’s sovereign wealth fund adjusted the yield from its initial guidance of 115 basis points earlier in the day, following strong demand that led to orders surpassing $17 billion.
(With inputs from Reuters)