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	$100		1	EMEA	Jun 28, 2024

Tranche #1Ittihad International Ltd

currency

USD

size (m)

100.000

maturity

Nov 9, 2028

type

Fixed

tenor

4.000

call

registration

144A/Reg S

benchmark

YLD

ranking

Sr. Unsecured

moody's

s&p

B+

fitch

B+

size description

re-open/tap

Yes

ipt

ipt-pxd

guidance

spread

coupon

9.75%

spread set

price

102.10000

yield

9.00%

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: First Pay: 2024-11-09; Redemption: 2025-11-09; Registration: 144A/Reg S; Comments: USD100m tap of 9.75% Nov 2028 snr unsec sukuk RegS/144A. NR/B+/B+. JPM. Call Schedule: 2025-11-09 @ 104.875, 2026-11-09 @ 102.4375, 2027-11-09 @ 100.0. Reset Date: 2025-11-09;

Deal Comments

Sukuk Bond. USD100m tap of 9.75% due 11/9/2028

Use of Proceeds

Refinancing

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