Aldar Sukuk Ltd (ALDAR)

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Aldar Sukuk Ltd (ALDAR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	ALDAR	Aldar Sukuk Ltd	$500		1	EMEA	Oct 15, 2019

Tranche #1Aldar Sukuk Ltd

currency

USD

size (m)

500.000

maturity

Oct 22, 2029

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

size description

re-open/tap

ipt

MS+260 a

ipt-pxd

guidance

MS+235 a

spread

225

coupon

3.875%

spread set

price

99.54900

yield

3.93%

book size (m)

3,100

peak book (m)

x-covered

6.2

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

3,100

peak book (m)

x-covered

6.2

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 3100; First Pay: 2020-04-22; Registration: Reg S Only; Comments: USD500m no-grow 10yr sukuk RegS. Baa1. GloCos DIB/FADB/HSBC/StCh(B&D). JLs ADCB/ADIB/ENBD/SIB. IPTs MS+260 area, guidance MS+235 area, set MS+225 bks >3.1bn (225m JLM) ahead of close. HR 92% vs T 1.625% 8/29+217.5 @98-26+;

Guarantor(s)

Aldar Investment Properties

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