Almarai Co has completed the issuance of a $500 million worth of fixed-rate RegS Senior unsecured sukuk at a par value of $200,000, the company said in a bourse filing on Wednesday.
The dairy producer issued 2,500 Islamic bonds bearing a return of 4.311 percent.
The five-year sukuk will be fully redeemed upon maturity date, Almarai added.
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Sukuk Details |
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Issuer |
Almarai Co. |
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Issuance type |
Fixed-rate RegS Senior unsecured sukuk |
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Issuance size |
$500 mln |
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Total number of sukuk |
2,500 |
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Par value |
$200,000 |
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Maturity |
Five years |
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Redemption conditions |
Full redemption upon maturity date |
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