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New Issue-SIB Sukuk prices $400 mln 2016 bond
May 18, 2011 / 2:05 PM / in 7 years

New Issue-SIB Sukuk prices $400 mln 2016 bond

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


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

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