Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) commenced the issuance of US dollar international trust certificates (Sukuk) on 10 September, according to a bourse filing.
The offering, which is ending on 17 September, will constitute US-denominated, direct, unsubordinated, unsecured and limited recourse obligations of SA Global Sukuk Limited.
Al Rajhi Capital, Citi, DIB, First Abu Dhabi Bank (FAB), Goldman Sachs International, HSBC, J.P. Morgan, KFH Capital, and Standard Chartered Bank served as joint bookrunners.
Abu Dhabi Commercial Bank (ADCB), Albilad Capital, Alinma Capital, Bank of China, Emirates NBD Capital, Mizuho, MUFG, Sharjah Islamic Bank, and SMBC acted as passive joint bookrunners.
The minimum subscription stands at $200,000, with integral multiples of $1,000 in excess thereof, subject to market conditions. The return and maturity will be subject to the market’s conditions.
In June, Aramco concluded a $5 billion bond issuance under its Global Medium Term Note Program.
Last August, the Saudi oil giant penned an $11 billion deal with a consortium of international investors.
