Maaden completes $1B in sukuk offering

10:42 AM (Mecca time) Argaam
Saudi Arabian Mining Co. (Maaden)headquarters

Saudi Arabian Mining Co. (Maaden) headquarters

Saudi Arabian Mining Co. (Maaden) completed the issuance of $1 billion in USD-denominated sukuk, offered to qualified investors inside and outside Saudi Arabia, according to a statement to Tadawul.

 

Issuance Type

USD-denominated sukuk

Offering Size

$1 bln

No. of Offered Sukuk

5,000

Par Value

$200,000

Return

5.250% annually

Maturity

10 years

Redeem Conditions

 The sukuk may be redeemed in certain cases, as detailed in the offering document.
 

The sukuk will be listed on the International Securities Market of the London Stock Exchange and may only be sold as per Regulation S under the amended US Securities Act.

 

According to Argaam data, Maaden announced, on Jan. 22, the launch of a USD-denominated sukuk issuance under its international sukuk program.

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