Logo of National Shipping Company of Saudi Arabia

National Shipping Company of Saudi Arabia (Bahri) completed the issuance of SAR-denominated sukuk worth SAR 3.9 billion, the company said in a bourse statement today, July 6.

 

The sukuk were settled on July 5. 

 

Sukuk Issuance Details

Offer Type

SAR-denominated sukuk by private placement offer

Offer Value

SAR 3.9 billion

Total Numbers

3,900 (based on the minimum denomination and total issue size)

Par Value

SAR 1 mln

Returns

Six months Saudi Arabian Interbank Offered Rate (SAIBOR) + 1.20% as mentioned in the sukuk’s offering circular

Maturity

7 years

Terms of Redemption       

Sukuk shall be redeemed on the maturity date. It may be redeemed prior to the scheduled maturity date in certain cases as detailed in the offering circular
 

The company named HSBC Saudi Arabia as lead coordinator and Al Rajhi Capital, HSBC Saudi Arabia and SNB Capital Co. as joint lead managers.

 

The announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk.

 

Bahri will announce any other relevant material developments in due course, the statement noted.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request