Saudi Electric Chooses Banks for Sukuk

Saudi Electricity Co has chosen Deutsche Bank and HSBC Holdings to schedule meetings with fixed income investors from Europe and North America for possible debt agreements. The meetings would be considered as road shows, with the first to be held on March 19 in Los Angeles, CA and would end in London, UK by March 25 of this year. After these road shows, a dollar denominated bond issue would then follow depending on market conditions.