Registration: 144A/Reg S (Cat 2);
Registration: 144A/Reg S (Cat 2);
Registration: 144A/Reg S (Cat 2);
Deal Comments
SA Global Sukuk Limited, exp A1/NR/A, US$6bn 144A/Reg S (Cat 2) Sr Unsec Sukuk 3-Part (3y fixed due 6/17/24, 5y fixed due 6/17/26 and 10y fixed due 6/17/31). 1mo par call on 3y and 5y, 3mo par call on 10y. CoC. Via Alinma Investment Company, Al Rajhi Capital, BNP Paribas, Citi, First Abu Dhabi Bank, Goldman Sachs International, HSBC (B&D), J.P. Morgan, Morgan Stanley, NCB Capital, Riyad Capital, SMBC Nikko and Standard Chartered Bank as Active Joint Bookrunners. Abu Dhabi Commercial Bank, Albilad Capital, AlJazira Capital, Alistithmar Capital, ANB Invest, BOC International, Crédit Agricole CIB, Dubai Islamic Bank, Emirates NBD Capital, Gulf International Bank, KFH Capital, MUFG, Mizuho, NBK Capital, Saudi Fransi Capital, Societe Generale as Passive Joint Bookrunners. First Abu Dhabi Bank, HSBC and Standard Chartered Bank have been appointed as Sukuk Structuring Agents. Obligor: Saudi Arabian Oil Co (Saudi Aramco). Obligor rating: A1/NR/A (n/-/n). List London. Issued under SA Global Sukuk's Trust Certificate Issuance Programme. FCA / ICMA stabilisation applies. Pricing 6/9. Settle 6/17 (T+6). GUIDANCE UPDATE: Size set at 6bn total. Tranching TBD (expect skew to 10y). Books in excess of 55bn (incl. 2.25bn JLM Interest), skew to the longer tranche, Pre-rec. Books to go subject at 16.00 UKT / 11.00am NYT.
IPT FINAL GUIDANCE3y T+105 area, T+70 area (+/- 5, wpir)5y T+125 area, T+90 area (+/- 5, wpir)10y T+160 area, T+125 area (+/- 5, wpir)