New Issue-SIB Sukuk prices $400 mln 2016 bond

Wed May 18, 2011 10:02am EDT

Related Topics

May 18 (Reuters) -Following are terms and conditions

of a Trust Certificate priced on Wednesday.

Borrower SIB Sukuk Company II Limited

Sukuk Obligor Sharjah Islamic Bank

Issue Amount $400 million

Maturity Date May 27, 2016

Profit rate 4.715 pct

Spread 270 basis points

Underlying govt bond Over Mid-swaps, equivalent to 292.5

bp over the 2.0 pct April 30, 2016

UST

Payment Date May 27, 2011

Lead Manager(s) HSBC & Standard Chartered

Ratings BBB+ (S&P), BBB+ (Fitch)

Listing London

Denoms (K) 200-1

Sukuk Structure Sukuk Wakala

Security details and RIC, when available, will be

on     Customers can right-click on the code for

performance analysis of this new issue

For ratings information, double click on

For all bonds data, double click on

For Top international bonds news

For news about this issuer, double click on the issuer RIC,

where assigned, and hit the newskey (F9 on Reuters

terminals)

Data supplied by International Insider.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.