{"id":88190,"date":"2024-11-25T00:00:00","date_gmt":"2024-11-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/25\/saib-completes-its-usd-750-mn-tier-1-sustainable-sukuk-offering\/"},"modified":"2024-11-25T00:00:00","modified_gmt":"2024-11-25T00:00:00","slug":"saib-completes-its-usd-750-mn-tier-1-sustainable-sukuk-offering","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/25\/saib-completes-its-usd-750-mn-tier-1-sustainable-sukuk-offering\/","title":{"rendered":"SAIB completes its USD 750 mn Tier 1 sustainable sukuk offering"},"content":{"rendered":"

<\/strong>The Saudi Investment Bank (SAIB) completed its USD 750 mn <\/strong>Additional Tier 1<\/a><\/strong>sustainable sukuk offering<\/a><\/strong>, according to a disclosure to Tadawul<\/a>. The USD-denominated debt sale consisted of 3.75k sukuk, each valued at USD 200k, with an annual return of 6.37%. Settlement is scheduled for Wednesday, 27 November. <\/p>\n

ADVISORS- Our friends at HSBC <\/strong>are acting as<\/a><\/strong> joint lead managers and bookrunners on <\/strong>the <\/strong>transaction<\/strong>, along with Alistithmar for Financial Securities and Brokerage, Citigroup Global Markets, J.P. Morgan Securities, Goldman Sachs, MUFG Securities EMEA plc, Arqaam Capital, and Standard Chartered.<\/p>\n

IN OTHER SAUDI DEBT NEWS- <\/p>\n

Marafiq signs agreements with local lenders to extend loan terms:<\/strong> The Power and Water Utility Company for Jubail and Yanbu (Marafiq<\/a>) inked agreements with Banque Saudi Fransi, Saudi Awwal Bank, and Saudi National Bank rescheduling SAR 5.9 bn in Shariah-compliant loans, according to a disclosure to Tadawul<\/a>. <\/p>\n

The new timeline:<\/strong> The revised agreements see grace periods for the loans extended by three years, pushing the start of repayments to June 2028 from June 2025. Meanwhile, the new terms retain the original financing period which ends in December 2034. <\/p>\n","protected":false},"excerpt":{"rendered":"

The USD-denominated debt sale consisted of 3.75k sukuk, each valued at USD 200k, with an annual return of 6.37%<\/p>\n","protected":false},"author":1,"featured_media":88191,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,153,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-sukuk","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"82c4289b-cea2-465d-a500-bc991f19437d","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2301.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SAIB completes its USD 750 mn Tier 1 sustainable sukuk offering","related_issue":[88178],"teaser":"The USD-denominated debt sale consisted of 3.75k sukuk, each valued at USD 200k, with an annual return of 6.37%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.f1a88102-1144-45e8-a8f0-eaf58b90be43.mp3"},"yoast_head":"\nSAIB completes its USD 750 mn Tier 1 sustainable sukuk offering - 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