Almarai Co. headquarters
Almarai Co. announced the completion of trust certificates issuance with an offering value of $750 million and an annual return of 5.233%, the dairy producer said in a statement to Tadawul.
The trust certificates will be listed on the Irish Stock Exchange under Euronext Dublin. They can be sold under Regulation S of the US Securities Act of 1933 as amended, Almarai pointed out.
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Issuance Details |
|
|
Type |
US-dollar-denominated trust certificates |
|
Value |
$750 mln |
|
Start Date |
July 18, 2023 |
|
End Date |
July 19, 2023 |
|
Target Investors |
Eligible investors in Saudi Arabia and internationally |
|
Minimum Subscription Limit |
$200,000 and in increments of $1,000 in excess thereof |
|
Number of Offered Trust Certificates |
3,750 |
|
Nominal Value |
$200,000 |
|
Return |
5.233% per annum; to be paid semi-annually as of the settlement date on July 25, 2023 |
|
Maturity Period |
10 years |
|
Terms of Redemption |
The trust certificates may be redeemed prior to the scheduled maturity date in certain cases, as detailed in the base offering circular. |
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