Almarai successfully completes $500 mln international sukuk issuance
27/02/2019
Argaam

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.
|
Sukuk Details |
|
|
Issuer |
Almarai Co. |
|
Issuance type |
Fixed-rate RegS Senior unsecured sukuk |
|
Issuance size |
$500 mln |
|
Total number of sukuk |
2,500 |
|
Par value |
$200,000 |
|
Maturity |
Five years |
|
Redemption conditions |
Full redemption upon maturity date |

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