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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
ENGY
PRCD
ARAMCO
SA Global Sukuk Ltd$6,000
3EMEA
Jun 9, 2021
currency
USD
size (m)
1,000.000
maturity
Jun 17, 2024
type
Fixed
tenor
3.000
call
-
registration
144A/Reg S (Cat 2)
benchmark
-
ranking
Sr. Unsecured
moody's
A1
s&p
NR
fitch
A
size description
-
re-open/tap
No
ipt
T+105 area
ipt-pxd
-
guidance
T+70 area (+/- 5, wpir)
spread
65
coupon
0.946%
spread set
-
price
100.00000
yield
0.946%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
2,000.000
maturity
Jun 17, 2026
type
Fixed
tenor
5.000
call
-
registration
144A/Reg S (Cat 2)
benchmark
-
ranking
Sr. Unsecured
moody's
A1
s&p
NR
fitch
A
size description
-
re-open/tap
No
ipt
T+125 area
ipt-pxd
-
guidance
T+90 area (+/- 5, wpir)
spread
85
coupon
1.602%
spread set
-
price
100.00000
yield
1.602%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
3,000.000
maturity
Jun 17, 2031
type
Fixed
tenor
10.000
call
-
registration
144A/Reg S (Cat 2)
benchmark
-
ranking
Sr. Unsecured
moody's
A1
s&p
NR
fitch
A
size description
-
re-open/tap
No
ipt
T+160 area
ipt-pxd
-
guidance
T+125 area (+/- 5, wpir)
spread
120
coupon
2.694%
spread set
-
price
100.00000
yield
2.694%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
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)

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