Arabian Centres Company (Cenomi Centers) announces the full redemption of its international Sukuk maturing on 26th November 2024G
Element List | Explanation |
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Introduction | Arabian Centres Company (“Cenomi Centers” or “the Company”) announces the redemption of the remainder of its international sukuk due on 26/11/2024G which is listed on The International Stock Exchange and has been issued on 29/03/1441H (corresponding to 26/11/2019G) and with that the Company completes the full redemption of the issuance. |
Offer Type | International USD denominated Shari’ah compliant Sukuk |
Value of the redeemed (sukuk bonds) | USD 209,616,000 |
Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 41.9 % |
Number of redeemed (bonds/sukuk) | Around 1,048 Sak |
Issuance Date | 2019-11-26 Corresponding to 1441-03-29 |
Trading End Date | 05/09/1445H (corresponding to 15/03/2024H) |
Sukuk Par Value at Redemption Date | 200,000 USD |
Total issuance value after redemption | 0 |
Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2024-03-15 Corresponding to 1445-09-05 |
Name of the Entity Responsible for the Deposit and Contact Details | HSBC Bank plc (paying agent)
Email:
ctlondon.conventional@hsbc.com |
Additional Information | Following on the Company’s announcement on its any and all tender offer on its existing U.S.$500,000,000 Trust Certificates due 2024G, the Company has tendered some of the outstanding Trust Certificates which represents the difference in the amount redeemed and the total issuance value; as such, the Company has no outstanding Trust Certificates maturing in 2024G.
The Company would like to thank its investor base for their trust in the Company. |
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