Chicago, Oct. 31 – Saudi Arabia’s Public Investment Fund through issuer SUCI Second Investment Co. placed a two-part $3.5 billion international sukuk issue in an inaugural offering for the fund, according to a press release and listing notices.
The deal included a $2.25 billion 6% five-year tranche and a $1.25 billion 6¼% 10-year tranche.
The order book was over $25 billion.
HSBC Bank plc, Citigroup, JPMorgan and Standard Chartered Bank were bookrunners.
Proceeds will be used for general corporate purposes.
The trust certificates will be listed in London.
The issuer is the sovereign wealth fund of Saudia Arabia.
| Issuer: | SUCI Second Investment Co.
|
| Obligor: | Public Investment Fund
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| Amount: | $3.5 billion
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| Issue: | Sukuk
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| Bookrunners: | HSBC Bank plc, Citigroup, JPMorgan and Standard Chartered Bank
|
| Trade date: | Oct. 19
|
| Listing date: | Oct. 25
|
|
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| Five-year tranche
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| Amount: | $2.25 billion
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| Maturity: | Oct. 25, 2028
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| Coupon: | 6%
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| ISIN: | XS2706163131
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|
|
| 10-year tranche
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| Amount: | $1.25 billion
|
| Maturity: | Oct. 25, 2033
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| Coupon: | 6¼%
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| ISIN: | XS2706163305
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