DUBAI: Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell a Tier 2 capital-boosting Islamic bond, or sukuk, before the end of the year, two banking sources aware of the matter said on Monday.
HSBC is advising SABB on the potential riyal-denominated transaction, the sources said, declining to be identified as the matter is not public.
SABB, the kingdom's third-largest listed lender by market value and 40 percent owned by HSBC Holdings, declined to comment. (Reuters)
