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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
REAL
PRCD
BINHLD
Binghatti Sukuk SPC Ltd$200
1EMEA
Jul 9, 2024
currency
USD
size (m)
200.000
maturity
Feb 28, 2027
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
YLD
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
B+
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
100.875-101.125
spread
-
coupon
9.625%
spread set
-
price
101.25000
yield
-
book size (m)
400
peak book (m)
-
x-covered
2
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
400
peak book (m)
-
x-covered
2
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
3 yr: Book size: 400; Registration: Reg S Only; Comments: USD200m tap of Feb 2027 sukuk snr unsec RegS. NR/NR/B-. GloCos/JBs ADIB/DIB/ENBD/HSBC(B&D)/Mashreq, JBs RAKBANK/Sharjah. Guidance 100.875 - 101.125 (~9.126 – 9.234) for 300m, launch 200m at 101.25px. Books 400m+ ex JLM. FTT 4pm. Distribution Stats: MENA 73%, Eur/UK 26%, Asia 1%. Bks/PB 66%, FM/AM 26%, HF 7%, Ins 1%;
Deal Comments
USD200m tap of 9.625% due 2/28/2027. Sukuk Bond

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