SIB SUKUK COMPANY III LIMITED
Order book stood at US$3.6 billion, 7.2 times oversubscribed, with 120 orders. The transaction garnered an overwhelming response from investors from the Middle East, Asia and Europe, receiving around 120 orders that amounted to $3.6 billion. Banks and Financial Institutions received the lion’s share of the offering, with a 59 per cent allocation, followed by fund managers and hedge funds with 33 per cent, supranationals and central banks with 6 per cent, and others with 2 per cent. In terms of geographic distribution, 63 per cent of investors were from the Middle East, 23 per cent from Asia and 14 per cent from Europe.
Series 2 - Issue of USD 500000000 Certificates due 17 March 2020 XS1202089428
Wakalah structure utilizing a pool of Ijara and Murabahah assets.
Governing law: English Law, UAE Law.