| BSF to close $507m sukuk |
| 17 Dec 2012 11:25 GMT |
The subordinated sukuk will boost Banque Saudi Fransi's supplementary capital reserves, or Tier 2 capital. Bonds and sukuk issued to raise Tier 2 capital are usually classed as subordinated debt, meaning they would be below secured creditors in the . (more)The subordinated sukuk will boost Banque Saudi Fransi's supplementary capital reserves, or Tier 2 capital. Bonds and sukuk issued to raise Tier 2 capital are usually classed as subordinated debt, meaning they would be below secured creditors in the ...
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