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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
REAL
PRCD
OMNYAT
Omniyat Sukuk 1 Ltd$600
1EMEA
Feb 25, 2026
currency
USD
size (m)
600.000
maturity
Mar 4, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
5yr Tsy
ranking
Sr. Unsecured
moody's
-
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
7.625% area
ipt-pxd
-37,5
guidance
n/a - straight to launch
spread
363
coupon
7.25%
spread set
-
price
100.00000
yield
7.25%
book size (m)
1,500
peak book (m)
1,800
x-covered
2.5
book attrition
-16.67%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
1,800
x-covered
2.5
book attrition
-16.67%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1500; First Pay: 2026-09-04; Registration: Reg S Only; Comments: USD600m 5yr cpn fxd 7.25% at 100, yld 7.25%. Spread: T+363bps. T 3 ¾ 01/31/31/ 100-18+ / 3.620%. CoC: 101%. Clean-up Call: 75%. LEI: 254900RFKE3XFTFFLM58;
Deal Comments
Reoffer: 5yr: T+363bp / 100 / 7.250% Benchmark: T 3¾ 31-Jan-31 @ 100-18+ / 3.620% Issuer: Omniyat Sukuk 1 Limited (the "Trustee") Issuer LEI: 254900RFKE3XFTFFLM58 Obligor: Omniyat Holdings Ltd. Obligor Rating: BB- by S&P / BB- by Fitch (both with a Stable outlook) Expected Issue Rating: BB- by S&P / BB- by Fitch Sukuk Structure: Sukuk Ijara / Murabaha Status: The payment obligations of the Obligor under the Transaction Documents relating to the Trust Certificates are senior and unsecured obligations of the Obligor Type: Regulation S, Category 2 Documentation: U.S.$ 2,000,000,000 Trust Certificate Issuance Programme – Base Offering Circular dated 3 September 2025 as supplemented by the supplement dated 16 February 2026 Currency: U.S.$ Face Amount: 600,000,000 Tenor: 5-year Pricing Date: 25-Feb-26 Settlement Date: 4-Mar-26 (T+5) Maturity Date: 4-Mar-31 Profit Rate: 7.250% per annum payable semi-annually in arrear Periodic Distribution Dates: Semi-annually (4 March, 4 September) subject to the Following Business Day Convention. First Periodic Distribution Date is 4-Sep-26. Payment Business Days: London and New York U.S. Treasury Benchmark: T 3¾ 31-Jan-31 Benchmark Yield: 100-18+ / 3.620% Spread to Benchmark: T+363bp Issue Price: 100% Reoffer Yield: 7.250% Face Amount Redemption: Redemption at par Covenants: Customary ME non-IG covenant package (including limitation on indebtedness incurrence, restricted payments, negative pledge, transactions with affiliates etc) Call / Put Options: Change of control put right, 75% clean up call Specific Denominations: US$200,000 and integral multiples of US$1,000 in excess thereof Day Count Fraction: 30/360 Governing Law: English Law and UAE Law Listing: London Stock Exchange's International Securities Market and Nasdaq Dubai Clearing: Euroclear and Clearstream, Luxembourg Form of Trust Certificates: Registered form evidenced by a Global Certificate Use of Proceeds: An amount at least equivalent to the net proceeds from the issuance will be applied by the Obligor for general corporate purposes ISIN/Common Code: XS3282968372 / 328296837 Stabilisation: FCA/ICMA Joint Global Coordinators: Abu Dhabi Commercial Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq and Standard Chartered Bank Joint Lead Managers & Bookrunners: Abu Dhabi Commercial Bank, Ajman Bank, Arab African International Bank, Arab Bank, Arqaam Capital, Bank ABC, Bank of Sharjah, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq, RAKBANK, Sharjah Islamic Bank and Standard Chartered Bank Billing & Delivery Agent: Standard Chartered Bank Selling Restrictions: Selling Restrictions set out in the Base Offering Circular apply. Timing: TOE 3.17pm UKT LDN, FTT 8.00am UKT LDN 26-Feb-26
Use of Proceeds
General Corporate Purposes

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