Saudi Electricity Company announces full redemption of its International Islamic Sukuk due on 8th of April 2023 amounting to US$ 1 billion
- Date: 06-Apr-2023
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Electricity Company announces full redemption of its International Islamic Sukuk due on 8th of April 2023 amounting to US$ 1 billion
|Element List||Explanation|
|Introduction||Saudi Electricity Company announces the redemption of the full value of the second tranche of its International Islamic Sukuk (the Sukuk) issued on April 8, 2013, amounting to US$ 1 billion and listed on the London Stock Exchange.|
|Offer Type||US dollar denominated Islamic Sukuk|
|Value of the redeemed (sukuk bonds)||US$ 1 billion|
|Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk)||100 %|
|Number of redeemed (bonds/sukuk)||5,000|
|Issuance Date||2013-04-08 Corresponding to 1434-05-27|
|Trading End Date||08-04-2023|
|Sukuk Par Value at Redemption Date||200,000 US dollar|
|Total issuance value after redemption||0|
|Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts||2023-04-11 Corresponding to 1444-09-20|
|Name of the Entity Responsible for the Deposit and Contact Details|| Deutsche Bank AG, London Branch is the paying agent.
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Email:
|Additional Information|| The financial impact of this transaction will appear in the financial statements of Q2 2023.
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The Company would like to thank its investor base for their trust in the Company, its Board and executive management.
The Sukuk will be delisted from London Stock Exchange