Conventional paper due in about 15 years, with a WAL of
around 12 years, was tightened 20 bps to around 255 bps over
UST, while Formosa bonds maturing in 19 years with a WAL of
roughly 18 years were tightened 20 bps to 285 bps over UST.
(Reporting by Yoruk Bahceli in Amsterdam; Writing by Yousef
Saba in Dubai;)
Feb 9 (Reuters) - Investors in Saudi Aramco's gas
pipelines network, led by BlackRock Inc , have received
over $16 billion in demand for a sale of bonds in three
tranches, skewed towards a tranche of Islamic bonds, a bank
document showed.
Guidance for the Islamic bonds, or sukuk, which have a tenor
of about 10 years and a weighted average life (WAL) of roughly
7-1/2 years, was tightened 30 basis points to around 210 bps
over U.S. Treasuries.
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