ICDPS Sukuk Limited
Summary
| SPV Name: | ICDPS Sukuk Limited |
| Address: | |
| Notes: | The Sukuk is subscribed by 37 international and regional investors. The orderbook exceeded USD 1.5 billion and ICD released a price guidance at MS + 160 bps area. The diversity of the orderbook saw investors from 33 countries in Europe, Asia and the Middle East. More specifically, 7% of the transaction was allocation to UK/Europe, 21% to Asia, 72% to the Middle East. By investor type, fund managers were allocated 9%, Banks/Private Banks 59%, Agencies/Central Banks 29% and Others 3%. The largest Sukuk issuance by ICD since inception and double the amount from its inaugural issuance in 2016 of USD300 million, despite the institution’s absence from the capital markets over the last four years. |
| Secondary Market Price: | |
| Exchange Listed: | 921,922 |
| Price Provider: | |
| Coupon Rate: | 1.810% |
Download Documents
| Prospectus, Offering Circular, Structure Document |
Sukuk Details
| Type: | |
| Issue Size: | 600 Million |
| Currency: | USD |
| Maturity: | 15 October 2025 |
| Country of Issue: | Saudi Arabia |
| Tenor: | 5 years |
| Issue Date: | 15 October 2020 |
| Sukuk Rating: | (Rated A2 (stable) by Moody’s; A (negative) by Fitch Ratings) |
| Exchangers: | London Stock Exchange , Nasdaq Dubai/DFM , |
| Arrangers: | |
| Book Runners: |
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