Saudi Arabian Oil Company (Saudi Aramco) announces the completion of issuing international trust certificates

17 June 2021 03:35 PM

SAUDI ARAMCO 2222 -2.50% 31.25 -0.80

Element List	Explanation
Offer Type	The trust certificates will constitute Shari’a compliant, U.S.$ denominated, direct, unsecured and limited recourse obligations
Introduction	Reference to the announcement from the Saudi Arabian Oil Company (Saudi Aramco) published on the website of the Saudi Stock Exchange (Tadawul) on 26/10/1442H (corresponding to 7 June 2021G) relating to the latest developments on the issuance of international trust certificates by Saudi Arabian Oil Company (Saudi Aramco) pursuant to its Trust Certificate Issuance Programme, Saudi Aramco announces the completion of issuing international trust certificates.
Offer Type	The trust certificates will constitute Shari’a compliant, U.S.$ denominated, direct, unsecured and limited recourse obligations
Value of the offer	U.S.$ 6,000,000,000
Total number of (Bonds/Sukuk)	30,000
Par Value (Bonds/Sukuk)	U.S.$ 200,000
Return (Bonds/Sukuk)	0.946% for trust certificates maturing in 3 years, 1.602% for trust certificates maturing in 5 years and 2.694% for trust certificates maturing in 10 years.
Maturity (Bonds/Sukuk)	3, 5 and 10 years
Terms of Redemption	Redemption (dissolution) on maturity (Scheduled Dissolution Date); redemption following a Dissolution Event; early dissolution upon a Tax Event (at the option of Saudi Aramco); Clean-Up Dissolution Right (at the option of Saudi Aramco); dissolution upon a Total Loss Event; Tangibility Event Put Right (at the option of Certificateholders); Optional Dissolution Right (at the option of Saudi Aramco), Certificateholder Put Right (at the option of Certificateholders), Change of Control Put Right (at the option of Certificateholders)
Additional Information	The trust certificates will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933G, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the trust certificates to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such trust certificates to be admitted to trading on the London Stock Exchange’s main market.

Comments