ADIB Capital Invest 3 Ltd (ADIBUH)

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ADIB Capital Invest 3 Ltd (ADIBUH)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	ADIBUH	ADIB Capital Invest 3 Ltd	$750		1	EMEA	Jul 11, 2023

Tranche #1ADIB Capital Invest 3 Ltd

currency

USD

size (m)

750.000

maturity

type

Fixed Rate Reset

tenor

Perp

call

5.50

registration

Reg S Only

benchmark

Tsy

ranking

Additional Tier 1

moody's

s&p

fitch

size description

Will Not Grow

re-open/tap

ipt

7.875% area

ipt-pxd

guidance

7.50% area

spread

305.9

coupon

7.25%

spread set

price

100.00000

yield

7.25%

book size (m)

7,000

peak book (m)

x-covered

9.33

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

7,000

peak book (m)

x-covered

9.33

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.5: Book size: 7000; Redemption: 2028-07-18; Registration: Reg S Only; Comments: USD750m perp NC5.5 AT1 sukuk RegS. NR. GloCo/struct HSBC(B&D)/StCh. JB/JLM ADIB/Citi/ENBD/1ADB/JPM. IPTs 7.875% area for 750m WNG, guidance 7.5% area, set 7.25%. Final books 7bn+ ex JLM. No hedges. Interp 5.5yr+305.9 (reset margin) (using (T 4 06/30/28 at 99-00¼/ 4.223% and T 3 ¾ 06/30/30 at 97-27¼/ 4.108% - interp 4.191% yld). FTT 8am Weds. LEI: 254900DBMFZCZH3KL232. Reset Date: 2029-01-18. Tax Call: Yes. Regulatory Call: Yes, Capital Event. Distribution: MENA 83%, Eur/UK 13%, Asia 4%. PB 70%, FM 16%, Bks 10%, SSA/SWF/Ins 3%, Other 1%.;

Deal Comments

Additional Tier 1 Sukuk Bond

Use of Proceeds

General Corporate Purposes

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