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Islamic finance deal of the year:
Saudi Electricity $2 billion 10-year and 30-year sukuk issuance
Lead managers: HSBC, Deutsche Bank
Several deals were worthy candidates for the overall award, but we have opted for one that united three key themes of the past 18 months: increasing tenor, deals from Saudi Arabia, and issues that are from neither sovereigns nor banks.
The two $1 billion tranches, one of 10 years and one of 30, marked several firsts.
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