‎Maaden completes $1B in sukuk offering

‎Maaden completes $1B in sukuk offering ‎Maaden completes $1B in sukuk offering

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Saudi Arabian Mining Co. (Maaden)headquarters

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

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Beloware details of thesukuk issuance:

Issuance Type

US dollar-denominated sukuk

Offering Size

$1bln

Sukuk Total No.

5,000

Par Value

$200,000

Return

$5.250% pa

Maturity

10 years

Redeem Conditions

The sukuk may be redeemed in certain cases, as detailed in the relevant 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 US Securities Act of 1933, as amended.

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

 

Saudi Arabian Mining Co. (Maaden)headquarters

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

Beloware details of thesukuk issuance:

Issuance Type

US dollar-denominated sukuk

Offering Size

$1bln

Sukuk Total No.

5,000

Par Value

$200,000

Return

$5.250% pa

Maturity

10 years

Redeem Conditions

The sukuk may be redeemed in certain cases, as detailed in the relevant 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 US Securities Act of 1933, as amended.

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

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