SAL Saudi Logistics Services (SAL) announced the completion of SAR-denominated sukuk issuance,with a total value of SAR 1 billion, according to a statement toTadawul.
Issue Highlights
Type
SAR-denominated sukuk in a private placement
Offering Value
SAR 1 bIn
No. of Offered Sukuk
1,000
Nominal Value
SAR 1 mln
Return
6-month SAIBOR + 130 basis points as a floating rate, payable semi-annually
Maturity
5 years, with the possibility of early redemption as detailed in the base prospectus and the applicable final terms of the sukuk
Terms of Redemption
The company may redeem the sukuk before maturity in certain cases, as specified in the base prospectus and the applicable final terms
The sukuk issuance was settled on Jan. 28, with the company confirming that it will continue to complete all necessary procedures for issuing and allocating the sukuk to investors, the statement added.
According to data available with Argaam, SAL launched a SAR-denominated sukuk issuanceearlier this month,under its SAR sukuk issuance program
SAL Saudi Logistics Services (SAL) announced the completion of SAR-denominated sukuk issuance,with a total value of SAR 1 billion, according to a statement toTadawul.
Issue Highlights
Type
SAR-denominated sukuk in a private placement
Offering Value
SAR 1 bIn
No. of Offered Sukuk
1,000
Nominal Value
SAR 1 mln
Return
6-month SAIBOR + 130 basis points as a floating rate, payable semi-annually
Maturity
5 years, with the possibility of early redemption as detailed in the base prospectus and the applicable final terms of the sukuk
Terms of Redemption
The company may redeem the sukuk before maturity in certain cases, as specified in the base prospectus and the applicable final terms
The sukuk issuance was settled on Jan. 28, with the company confirming that it will continue to complete all necessary procedures for issuing and allocating the sukuk to investors, the statement added.
According to data available with Argaam, SAL launched a SAR-denominated sukuk issuanceearlier this month,under its SAR sukuk issuance program
