The Saudi Electricity Company (SEC) announces its intention to commence holding meetings as of Thursday, September 13th, 2018 with fixed income investors in preparation for a potential issuance of sukuk that could be offered in one or multiple tranches depending on market conditions.
SEC has mandated Citi, First Abu Dhabi Bank, HSBC, Mizuho, MUFG, NATIXIS, SMBC Nikko and Standard Chartered Bank as Joint Lead Managers.
Any potential issuance is subject to market conditions and the approval of official authorities. SEC will announce all details and further developments in due course.