{"id":83199,"date":"2024-02-07T00:00:00","date_gmt":"2024-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/"},"modified":"2024-02-07T00:00:00","modified_gmt":"2024-02-07T00:00:00","slug":"saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/","title":{"rendered":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance"},"content":{"rendered":"

Saudi Electricity has trimmed the <\/strong>yield <\/strong>for its <\/strong>FCY sukuk issuance <\/strong>after receiving over USD 11 bn in orders, signaling strong investor demand, Zawya<\/a> reports citing news service IFR.The company has yet to say when the roadshow for the sale will end.<\/p>\n

Background: <\/strong>The sale<\/a> is part of a USD-denominated green and \/ or conventional sukuk<\/a>program<\/a> kicked off in March of 2023<\/a> and is open to qualified international and local investors. The program has raised USD<\/a>2<\/a>bn<\/a> so far.<\/p>\n

A multi-tranche sale: <\/strong>The company has lowered the yield for its 5-year sukuk to 100 bps over counterpart US Treasuries, down from 130 bps, while lowering the yield for the 10-year tranche to 115 bps over the benchmark US treasuries, down from 145 bps. Information about how much bonds the company plans to allocate to investors and the timeline wasn\u2019t publicly available.<\/strong><\/p>\n

The potential proceeds will both finance capex spending and, possibly, green projects,<\/strong>the company\u2019s website says.<\/p>\n

ADVISORS- <\/strong>The company has appointed Standard Chartered Bank, HSBC Bank, SMBC Nikko Capital Markets, MUFG EMEA, Mizuho International, JP Morgan Securities, Al Rajhi Capital, First Abu Dhabi Bank, Mashreq Bank, Dubai Islamic Bank, KFH Capital Investment and Bank of China as joint managers for the potential offering.<\/p>\n","protected":false},"excerpt":{"rendered":"

A multi-tranche issuance with five and ten year maturities<\/p>\n","protected":false},"author":1,"featured_media":83200,"comment_status":"","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":[2590],"tags":[276,2441,57,10,2678],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-bonds","tag-debt","tag-debt-watch","tag-enterpriseam-ksa","tag-saudi-electricity","wpautop","entry"],"acf":{"mongo_id":"5c3b4d0f-505c-4830-b384-6f3d2bfaca67","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2232.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance","related_issue":[83191],"teaser":"A multi-tranche issuance with five and ten year maturities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.db3d28e1-7633-4d48-a9e9-670e0f62829a.mp3"},"yoast_head":"\nSaudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance\" \/>\n<meta property=\"og:description\" content=\"A multi-tranche issuance with five and ten year maturities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance\",\"datePublished\":\"2024-02-07T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\"},\"wordCount\":213,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bonds\",\"debt\",\"debt watch\",\"EnterpriseAM KSA\",\"Saudi Electricity\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\",\"name\":\"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-02-07T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/","og_locale":"en_US","og_type":"article","og_title":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance","og_description":"A multi-tranche issuance with five and ten year maturities","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/","og_site_name":"KSA","article_published_time":"2024-02-07T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance","datePublished":"2024-02-07T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/"},"wordCount":213,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1","keywords":["Bonds","debt","debt watch","EnterpriseAM KSA","Saudi Electricity"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/","name":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1","datePublished":"2024-02-07T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/07\/saudi-electricity-books-orders-worth-usd-11-bn-for-its-fcy-sukuk-issuance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Saudi Electricity books orders worth USD 11 bn for its FCY sukuk issuance"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2232.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=83199"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/83199\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/83191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/83200"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=83199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=83199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=83199"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=83199"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=83199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}