stc said that the sukuk will be listed on the International Securities Market of the London Stock Exchange
STC announced the completion of USD-denominated international trust certificates (sukuk) worth $2 billion in two tranches, the telco said in a statement to Tadawul. 
Issuance Details
Type
US dollar-denominated sukuk
Offering Amount
1st tranche: $750,000
2nd tranche: $1.25 bln
Total Number of Sukuk
1st tranche: 3,750
2nd tranche: 6,250
Nominal Value
$200,000
Return
1st tranche: 4.489%
2nd tranche: 5.083%
Maturity
1st tranche: 5 years
2nd tranche: 10 years
Terms of Redemption
May be redeemed under certain conditions, as specified in the sukuk issuance prospectus
The sukuk will be listed on the International Securities Market of the London Stock Exchange, the company said.
The sukuk was issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended.
According to data available with Argaam, stc recently announced the start of issuing USD-denominated sukuk under its international sukuk issuance program of up to $5 billion, through a special purpose vehicle (SPV) to be established outside Saudi Arabia.
stc said that the sukuk will be listed on the International Securities Market of the London Stock Exchange
STC announced the completion of USD-denominated international trust certificates (sukuk) worth $2 billion in two tranches, the telco said in a statement to Tadawul.
Issuance Details
Type
US dollar-denominated sukuk
Offering Amount
1st tranche: $750,000
2nd tranche: $1.25 bln
Total Number of Sukuk
1st tranche: 3,750
2nd tranche: 6,250
Nominal Value
$200,000
Return
1st tranche: 4.489%
2nd tranche: 5.083%
Maturity
1st tranche: 5 years
2nd tranche: 10 years
Terms of Redemption
May be redeemed under certain conditions, as specified in the sukuk issuance prospectus
The sukuk will be listed on the International Securities Market of the London Stock Exchange, the company said.
The sukuk was issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended.
According to data available with Argaam, stc recently announced the start of issuing USD-denominated sukuk under its international sukuk issuance program of up to $5 billion, through a special purpose vehicle (SPV) to be established outside Saudi Arabia.
