Chicago, Feb. 28 – ESIC Sukuk Ltd. listed $700 million of 5.831% sukuk trust certificates with a five-year tenor (Baa3) in Frankfurt, according to a listing and an investor presentation.
The certificates were issued on Feb. 14.
According to the presentation, the joint global coordinators were Standard Chartered Bank (billing and delivery) and Emirates NBD Capital, First Abu Dhabi Bank.
Abu Dhabi Islamic Bank, Dubai Islamic Bank, , Mashreq and Warba Bank joined as joint lead managers.
The issuer is a special purpose vehicle established in the Cayman Islands by Emirates Strategic Investments Co. The company is wholly owned by Sheikh Mansour Bin Zayed Al Nahyan, deputy prime minister and minister of presidential affairs of Abu Dhabi.
| Issuer: | ESIC Sukuk Ltd.
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| Amount: | $700 million
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| Issue: | Sukuk
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| Maturity: | Feb. 14, 2029
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| Bookrunners: | Standard Chartered Bank (billing and delivery), Emirates NBD Capital, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, , Mashreq and Warba Bank
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| Coupon: | 5.831%
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| Change of control: | At par
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| Settlement date: | Feb. 14
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| Ratings: | Moody’s: Baa3
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| Marketing: | Investor presentation
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| ISIN: | XS2747181613
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