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Saudi Arbia's PIF sets spread for 7-yr sukuk - document

Reuters

Feb 27 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has set the spread for its benchmark-sized, dollar-denominated 7-year Islamic bonds or sukuk, an arranging bank document showed on Tuesday.

The spread has been set at 85 bps over U.S. Treasuries, from initial guidance of 115 bps over the same benchmark earlier in the day, after the order book topped $17 billion, the document showed. (Reporting by Shamsuddin Mohd; Editing by Kevin Liffey)