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FinancialNews
20-11-19
Saudi Arabia: Arabian Centres Co. to finish sukuk worth USD 500 mln
(MENAFN) Arabian Centres Company has finished presenting its USD denominated Shariah-compliant sukuk at an equivalence worth of USD 200,000, as it said.
With an issuance amount of USD 500 million, the sukuk is planned for general corporate reasons and to accomplish the company's financial and strategic requirements which include refinancing the company's recent debt.
Company said in a statement to Tadawul that, there are 2,500 bonds, with a return of 5.375 percent for 5 years.
The sukuk certificates have been allocated a marking of Ba2 by Moody's and are likely to be assigned a marking of BB+ by Fitch.
MENAFN2011201900450000ID1099300432
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