Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) completed the issuance of $1.25 billion in USD-denominated sukuk, offeredin a five-year tranche and a 10-year tranche, according to a statement to Tadawul. 
Settlement is scheduled for Feb. 13, the statement added.
Beloware details of thesukuk issuance:
Sukuk Issuance Details
Issuance Type
USD–denominated sukuk
OfferValue
A five-year tranche: $750 mln
A 10-year tranche: $500 mln
No. of Sukuk
A five-year tranche: 3,750 based on the minimum denomination and total issue size
A 10-year tranche: 2,500 based on the minimum denomination and total issue size
Par Value
$200,000
Return
A five-year tranche: 5.25% annually
A 10-year tranche: 5.50% annually
Maturity Period
A five-year tranche: 5 years
A 10-year tranche: 10 years
Redemption Conditions
Sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular.
The sukuk will be listed on the International Securities Market of the London Stock Exchange. They may only be sold as per Regulation S under the US Securities Act of 1933, as amended.
Saudi Arabian Mining Co. (Maaden)headquarters
Saudi Arabian Mining Co. (Maaden) completed the issuance of $1.25 billion in USD-denominated sukuk, offeredin a five-year tranche and a 10-year tranche, according to a statement to Tadawul.
Settlement is scheduled for Feb. 13, the statement added.
Beloware details of thesukuk issuance:
Sukuk Issuance Details
Issuance Type
USD–denominated sukuk
OfferValue
A five-year tranche: $750 mln
A 10-year tranche: $500 mln
No. of Sukuk
A five-year tranche: 3,750 based on the minimum denomination and total issue size
A 10-year tranche: 2,500 based on the minimum denomination and total issue size
Par Value
$200,000
Return
A five-year tranche: 5.25% annually
A 10-year tranche: 5.50% annually
Maturity Period
A five-year tranche: 5 years
A 10-year tranche: 10 years
Redemption Conditions
Sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular.
The sukuk will be listed on the International Securities Market of the London Stock Exchange. They may only be sold as per Regulation S under the US Securities Act of 1933, as amended.
