Tranche Comments
6 yr: Book size: 13500; Registration: 144A/Reg S; Comments: USD3bn 6yr Mudaraba-Murabaha sukuk bmk snr unsec 144A/3(c)(7)/RegS. A1/NR/A+. Glocos Citi(6yr, B&D)/JPM/StCh(10yr, B&D), passives AlJazira/BNPP/GS. IPTs 6yr T 3.5% Apr 2028 +110 area, set T+80. Combined bks 27bn+ ex-JLM, ~no skew, Tsys at 3.474%. Came 3bn each. LEI: 635400XBJFPNCGN9CK71. Distribution: MENA 42%, UK/Eur 22%, US 14%, Asia 12%, KSA 3%, Other 7%. Bks 44%, FM 40%, OI 12%, Ins/PF 4%;
10 yr: Book size: 13500; First Pay: 2023-11-22; Registration: 144A/Reg S; Comments: USD3bn 10yr Mudaraba-Murabaha sukuk bmk snr unsec 144A/3(c)(7)/RegS. A1/NR/A+. Glocos Citi(6yr, B&D)/JPM/StCh(10yr, B&D), passives AlJazira/BNPP/GS. IPTs 10yr T 3.375% May 2033 +135 area, set T+100. Combined bks 27bn+ ex-JLM, ~no skew, Tsys at 3.511%. Came 3bn each. LEI: 635400XBJFPNCGN9CK71. Distribution: MENA 48%, UK/Eur 21%, Asia 19%, US 10%, KSA 2%. Bks 58%, FM 38%, Ins/PF 2%, OI 1%, Other 1%;
Deal Comments
Sukuk Bond. Active Bookrunners: CTI (B&D) (6yr), STC (B&D) (10yr), JPM. Passive Bookrunners: ALJ, BNP, GSC