Saudi Electricity Co. headquarters
Saudi Electricity Co. successfully concluded the offering of US dollar-denominated senior unsecured green and/or conventional sukuk, at a total value of $2 billion, under its newly established international sukuk program, according to a statement to Tadawul.
The below table illustrates the offering’s details:
|
Sukuk Details |
|
|
Offering Type |
US dollar-denominated senior unsecured green and/or conventional sukuk |
|
Offering Value |
A 10-year green sukuk tranche of $1.2 billion, and a 30-year conventional sukuk tranche of $800 million. |
|
Total Number of Sukuk |
10,000 |
|
Nominal Value |
$200,000 |
|
Sukuk Return |
A fixed profit rate of 4.632 % p.a. for the 10-year green tranche, and a fixed profit rate of 5.684% p.a. for the 30-year conventional tranche |
|
Maturity |
10 years for the green tranche and 30 years for conventional tranche |
|
Terms of Redemption |
The sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the base prospectus in relation to the sukuk |
The issuance will be listed on the London Stock Exchange. The sukuk may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended, the statement added.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}