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Saudi's Bank Al Bilad says plans up to 2 bln riyal capital-boosting Sukuk
The issue will enhance its Tier 2, or supplementary, capital and last for 10 years, although the bank has the option to redeem the Sukuk after the fifth year, according to the filing.
Sources told last month that Bank Al Bilad, one of the smaller lenders in Saudi Arabia, had chosen HSBC's local unit to arrange the Islamic bond offering
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