OTEL Sukuk Ltd

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	FNCL	PRCD	-	OTEL Sukuk Ltd	$500		1	EMEA	Jan 17, 2024

Tranche #1OTEL Sukuk Ltd

currency

USD

size (m)

500.000

maturity

Jan 24, 2031

type

Fixed

tenor

7.000

call

registration

144A/Reg S

benchmark

YLD

ranking

Sr. Unsecured

moody's

Ba2

s&p

fitch

BB+

size description

re-open/tap

ipt

6.00% a

ipt-pxd

guidance

5.625-5.75%

spread

coupon

5.375%

spread set

price

100.00000

yield

5.375%

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 1500; Registration: 144A/Reg S; Comments: USD500m 7yr debut sukuk bmk snr unsec RegS/144A. Ba2/NR/BB+. GloCos Citi(B&D)/JPM, ABC/Muscat/DIB/1ADB/StCh(struc)/Nizwa. IPTs 6% area for 500m WNG, guidance 5.625%-5.75%, launch 5.375%. Bks ~1.5bn incl JLM, peak 3.5bn+ ex-JLM. Par Call: 3m. CoC: Yes;

Deal Comments

Sukuk Bond

Guarantor(s)

Oztel Holdings SPC Ltd

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