Saudi Aramco completes issuance of international trust certificates for $6bln sukuk

Aramco issued 30,000 sukuk with a par value of $200,000 each, it said in a filing to the Tadawul stock exchange

  
Participants attend the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image for illustrative purposes.

Participants attend the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image for illustrative purposes.

REUTERS/Ahmed Yosri
 
RIYADH: Saudi Aramco said it completed issuing trust certificates for $6 billion of sukuk.


Aramco issued 30,000 sukuk with a par value of $200,000 each, it said in a filing to the Tadawul stock exchange.

“The outcome demonstrates further evidence of Aramco’s unique value proposition, which is underwritten by its operational and financial resilience,” said Aramco CEO and President Amin Nasser.

The securities were issued in three tranches, with the three-year notes paying 0.946 percent, 5-year notes at 2.602 percent and 10-year bonds 2.694 percent.

The sale, launched on June 9, was Aramco’s first dollar-denominated sukuk.

Aramco’s debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year, both used to fund its dividend.

The sale attracted orders exceeding $60 billion and added 100 new investors across the globe, Aramco said.

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