DUBAI, March 30 (Reuters) - Saudi mall operator Arabian
Centres on Tuesday gave initial price guidance of
around 5.875% for 5-1/2-year U.S. dollar-denominated sukuk, or
Islamic bonds, a document showed.
Credit Suisse, Goldman Sachs, HSBC,
Albilad Investment, JPMorgan, Kamco Invest
and Warba Bank are arranging the deal, which
is expected to be of benchmark size and launch later on Tuesday,
the document from one of the banks showed.
Sources told Reuters earlier this month that Arabian
Centres, which operates 21 shopping centres across Saudi Arabia,
was planning a $500 million sukuk sale.
(Reporting by Yousef Saba; Editing by Andrew Heavens)