AI Summary
Cenomi Centers to sette sukuk on Dec. 4
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Details |
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Issue Type |
USD-denominated Shariah-compliant sukuk |
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Issue Value |
$500 mln |
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Total Number of Sukuk |
2,500 |
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Par Value |
$200,000 |
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Return |
8.875% |
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Maturity |
5 years |
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Redemption Terms |
The sukuk may be redeemed prior to the scheduled dissolution date in certain cases as detailed in the offering circular dated Nov. 18, 2025 |
The company stated that the proceeds of the issuance will refinance the existing sukuk issued in 2021, which are expected to mature in October 2026. The company expects the issuance to be leverage-neutral.
It added that an application has been submitted to list and trade the sukuk on the official list of the International Stock Exchange. The sukuk may be offered under Regulation S of the US Securities Act of 1933, as amended. The company will continue to complete all necessary procedures to allocate these sukuk to investors.
The company noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk. The company will announce any other relevant material developments in due course as required by the relevant rules and regulations.
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