Ittihad International Ltd (ITTHAD)

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Ittihad International Ltd (ITTHAD)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	ITTHAD	Ittihad International Ltd	$350		1	EMEA	Nov 2, 2023

Tranche #1Ittihad International Ltd

currency

USD

size (m)

350.000

maturity

Nov 9, 2028

type

Fixed

tenor

5.000

call

registration

144A/Reg S

benchmark

YLD

ranking

Sr. Unsecured

moody's

s&p

B+

fitch

B+

size description

re-open/tap

ipt

High 9s

ipt-pxd

guidance

spread

coupon

9.75%

spread set

price

100.00000

yield

9.75%

book size (m)

515

peak book (m)

x-covered

1.47

book attrition

nic

left lead

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

515

peak book (m)

x-covered

1.47

book attrition

nic

left lead

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 515; Redemption: 2025-11-09; Registration: 144A/Reg S; Comments: USD350m 5NC2 snr unsec sukuk 144A/3(c)(7)/RegS. NR/B+/B+. ADCB/ADIB/Ajman/BoSharjah/Citi(B&D)/DIB/ENBD/1ADB/HSBC. IPTs high 9s yield for exp 300m-350m, set 9.75% #, launch 350m. Books 515m+ (incl 75m JLM) peak 575m+. FTT 8am Friday. Reset Date: 2025-11-09. MWC: T+50. Equity Claw Back: Prior to Nov 9, 2025. Tax Call: No. PP: No. XD: No;

Deal Comments

Sukuk Bond

Use of Proceeds

Refinancing

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