| Element List |
Explanation |
| Introduction |
Reference to the announcement from the Saudi Telecom Company (STC) published on the website of the Saudi Stock Exchange (Tadawul) on 20/8/1440H (corresponding to 25/4/2019) relating to starting STC Sukuk Company Limited of offering the first USD denominated sukuk issuance under the Sukuk Program, STC would like to announce that STC Sukuk Company Limited has completed the offering of such issuance. |
| Issuing type |
International USD denominated Sukuk |
| Issuing Amount |
USD 1,250,000,000 |
| Total number of (Bonds/Sukuk) |
6250 sak |
| Par Value (Bonds/Sukuk) |
USD 200,000 |
| Return (Bonds/Sukuk) |
3.890% |
| Maturity (Bonds/Sukuk) |
10 years |
| Terms of Redemption |
The Certificates may be subject to early redemption at the option of STC Sukuk Company Limited and STC upon the occurrence of a tax event. The Certificates shall also be redeemed early upon the occurrence of a total loss event or a dissolution event. Subject to market conditions, a change of control put option, trustee call option and/or holder put option may also apply to any offer of Certificates. |
| Additional Information |
The offered sukuk will be listed at the Irish Stock Exchange plc trading as Euronext Dublin ("Euronext Dublin"). Certificates may be sold in reliance on Regulation S or Rule 144A under the U.S. Securities Act of 1933, as amended. the Company will continue to complete all the necessary procedures to issue the sukuk and allocate such sukuk to the investors |
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