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Saudi Aramco received subscription orders of more than $30 billion for its international dollar-denominated sukuk, Reuters reported.

 

The oil giant launched its first US dollar-denominated sukuk today, June 9, 2021, which will be issued in three tranches.

 

The deal will consist of three, five and 10-year tranches, the report said, adding the company is likely to raise between $3 billion and $4 billion.

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