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Saudi Arabian Oil Company (Saudi Aramco) announces completion of international trust certificates (sukuk) issuance
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SAUDI ARAMCO
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1446/03/30 03/10/2024 08:17:22
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from the Saudi Arabian Oil Company (Saudi Aramco) published on the website of the Saudi Exchange on 21/03/1446H (corresponding to 24 September 2024G) relating to the latest developments on the issuance of international trust certificates (sukuk) by Saudi Arabian Oil Company (Saudi Aramco) pursuant to SA Global Sukuk Limited’s Trust Certificate Issuance Programme, Saudi Aramco announces the completion of issuing international trust certificates. |
| Offer Type | The trust certificates (sukuk) are U.S.$ denominated, direct, unsubordinated, unsecured and limited recourse obligations of SA Global Sukuk Limited. |
| Value of the offer | U.S.$3,000,000,000 (Three Billion United States Dollars). |
| Total number of (Bonds/Sukuk) | 15,000 (Fifteen Thousand). |
| Par Value (Bonds/Sukuk) | U.S.$200,000 (Two Hundred Thousand United States Dollars) and integral multiples of U.S.$1,000 (One Thousand United States Dollars) in excess thereof. |
| Return (Bonds/Sukuk) | 4.250% for trust certificates maturing in 5 years and 4.750% for trust certificates maturing in 10 years. |
| Maturity (Bonds/Sukuk) | 5 and 10 years. |
| Terms of Redemption | Redemption (dissolution) on maturity (Scheduled Dissolution Date); redemption following a Dissolution Event; early dissolution upon a Tax Event (at the option of Saudi Aramco); Clean-Up Dissolution Right (at the option of Saudi Aramco); dissolution upon a Total Loss Event; Tangibility Event Put Right (at the option of Certificateholders); Optional Dissolution Right (at the option of Saudi Aramco); Make Whole Dissolution Right (at the Option of Saudi Aramco); and Change of Control Put Right (at the option of Certificateholders). |
| Additional Information | The trust certificates will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933G, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the trust certificates to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such trust certificates to be admitted to trading on the London Stock Exchange’s main market. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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