Cenomi Centers headquarters
Arabian Centres Co. (Cenomi Centers) announced the full redemption of its international USD-denominated sukuk maturing on Nov. 26, 2024, according to a statement to Tadawul.
These sukuk are listed on the International Stock Exchange and were issued on Nov. 26, 2019, the statement added.
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Details |
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Offer Type |
International USD denominated Shari’ah compliant Sukuk |
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Percentage of Redeemed Sukuk to Total |
41.9% |
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Value of Redeemed Sukuk |
$209.61 mln |
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Number of Redeemed Sukuk |
Nearly 1,048 sak |
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Issue Date |
Nov. 26, 2019 |
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Trading End Date |
March 15, 2024 |
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Sukuk Par Value |
$200,000 |
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Total Issuance Value After Redemption |
0 |
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Date of Depositing the Amounts in Sukukholders Account |
March 15, 2024 |
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Entity Responsible for Deposit |
HSBC Bank plc (paying agent) |
The company announced an offer to fully or partially repurchase its outstanding sukuk at $500 million, which will mature in 2024. A portion of the sukuk, representing the difference between the redeemed amount and the total issuance, was repurchased, and thus the issuance maturing in 2024 was fully redeemed.
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