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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
ENGY
PRCD
ARAMCO
SA Global Sukuk Ltd$3,000
2EMEA
Sep 25, 2024
currency
USD
size (m)
1,500.000
maturity
Oct 2, 2029
type
Fixed
tenor
5.000
call
-
registration
144A/Reg S (Cat 2)
benchmark
Tsy
ranking
Sr. Unsecured
moody's
A1
s&p
A+
fitch
-
size description
-
re-open/tap
No
ipt
T+120 area
ipt-pxd
-
guidance
T+90-95
spread
-
coupon
4.250%
spread set
-
price
99.45700
yield
4.372%
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)
1,500.000
maturity
Oct 2, 2034
type
Fixed
tenor
10.000
call
-
registration
144A/Reg S (Cat 2)
benchmark
Tsy
ranking
Sr. Unsecured
moody's
A1
s&p
A+
fitch
-
size description
-
re-open/tap
No
ipt
T+135 area
ipt-pxd
-
guidance
T+105-110
spread
100
coupon
4.750%
spread set
-
price
99.75600
yield
4.781%
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); Comments: USD1.5bn 5yr part of 2-tr snr unsec sukuk RegS/144A. A1/NR/A+. Active: AlRajhi/Citi(5yr B&D)/DIB/1ADB/GS/HSBC(10yr B&D)/JPM/KFH/StCh, Passive: ADCB/Albilad/Alinma/BOCI/ENBD/Miz/MUFG/Natx/Sharjah/SMBCNikko. IPTs 5yr T+120 area. Guidance T+90/+95. Launch 1.5bn at T+85. Final books 9bn+ excl JLM, at reoffer each. T 3.625% 08/31/29, 3.522%. Par Call: 1m. MWC: T+15bp; Registration: 144A/Reg S (Cat 2); Comments: USD1.5bn 10yr part of 2-tr snr unsec sukuk RegS/144A. A1/NR/A+. Active: AlRajhi/Citi(5yr B&D)/DIB/1ADB/GS/HSBC(10yr B&D)/JPM/KFH/StCh, Passive: ADCB/Albilad/Alinma/BOCI/ENBD/Miz/MUFG/Natx/Sharjah/SMBCNikko. IPTs 10yr T+135 area. Guidance T+105/+110. Launch 1.5bn at T+100. Final books 9bn+ excl JLM, at reoffer each. T 3.875% 08/15/34, 3.781%. Par Call: 3m. MWC: T+15bp;
Deal Comments
SA Global Sukuk Ltd (ARAMCO) exp A1/A+ $3bn 144A/Reg S (Cat 2) Sukuk 2pt sr unsec notes (5y due 10/2/29 & 10y due 10/2/34). Citi (B&D 5y)/DUBAII/FAB/GSI/KCIC/HSBC (B&D 10 yr)/JPM/RJHI/StanChart joint active books. MWC then 1mo par call on 5y & 3mo on 10y. UOP: GCP. Pricing 9/25. Settles 10/2 (T+5). IPT 5y T+120 area; 10y T+135 area. GUIDANCE: 5y T+ 90-95; 10y T+105-110. PRICED:$1.5bn 4.250%10/2/29 99.457 4.372% T+85. MW+15.$1.5bn 4.750% 10/2/34 99.756 4.781% T+100. MW+15.
Use of Proceeds
General Corporate Purposes

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