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Sukuk Database

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Kingdom of Saudi Arabia 2022

Summary
SPV Name:
KSA Sukuk Limited 

Notes:
An amount equal to 51 percent of the sukuk proceeds will be used in a mudaraba agreement, a form of Islamic investment management partnership. The remaining 49 percent of the proceeds will be used under a murabaha facility by the trustee. KSA Sukuk Limited, a special purpose vehicle incorporated in the Cayman Islands and wholly owned by the Government of Saudi Arabia.The Ministry of Finance received significant interest for the first international issuance of the Sukuk programme with an orderbook from investors in excess of U.S.$ 33 billion (equivalent to SAR 123.75 billion). The total amount of the issuance has been sized at U.S.$ 9 billion (equivalent to SAR 33.75 billion ). This consisted of two tranches of certificates, U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2022 and U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2027. 


Profit rate:
2.894%
 
Download Documents:
 
Sukuk Details
Type:
Hybrid 

Issue Size:
$4.5 billion 

Currency:
USD 

Maturity:
20 April 2022 

Country of Issue:
Saudi Arabia 

Tenor:
5 years 
Issue Date:
20 April 2017 
Sukuk Rating:
Moody’s: A1(P) Fitch Ratings: A+ 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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