Published on 9/23/2022 in the Prospect News Emerging Markets Daily.
New Issue: UAE’s PD Sukuk prices $300 million trust certificates due 2025
Chicago, Sept. 23 – PD Sukuk Ltd. priced $300 million of trust certificates due 2025, according to a pricing supplement.
Pricing at par, the profit rate is listed as 8¾%.
The obligor is the Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC.
Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd., Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, Kamco Investment Co. KSCP, KFH Capital Investment Co. KSCC, Mashreqbank psc (acting through its Islamic Banking Division) and Warba Bank KSCP were bookrunners for the Regulation S deal.
The real estate company is based in Abu Dhabi, United Arab Emirates.
| Issuer: | PD Sukuk Ltd.
|
| Guarantor: | Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC
|
| Amount: | $300 million
|
| Issue: | Trust certificates
|
| Maturity: | Sept. 23, 2025
|
| Bookrunners: | Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd., Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, Kamco Investment Co. KSCP, KFH Capital Investment Co. KSCC, Mashreqbank psc (acting through its Islamic Banking Division) and Warba Bank KSCP
|
| Coupon: | 8¾%
|
| Price: | Par
|
| Yield: | 8¾%
|
| Trade date: | Sept. 20
|
| Settlement date: | Sept. 23
|
| Ratings: | S&P: B+
|
| Distribution: | Regulation S
|
| ISIN: | XS2501962539
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
