Saudi Aramco Total Refining and Petrochemical Company
(SATORP), a joint venture between Saudi Aramco and Total S.A. of France,
issued its debut sukuk Sunday and there are signs that several other
potential Saudi issuers are lining up to go to the market preferring to
raise funds in this way despite the continuing turmoil in the global
financial market and economy.
According to the latest information available Sunday, the SATORP bond issue was 3.5 times oversubscribed. (source)
