Saudi Telecom Company announced its intention to create an international Sukuk program with a total amount not to exceed $ 5 billion.
The company said that the final value of the first issue will be determined according to market conditions and the company's needs.
According to the statement, the offer begins on April 26 and ends on June 30, 2019.
The issuance is aimed at institutional investors (qualified investors in the countries where the offering will take place, according to the laws and regulations in force in those countries).
The issuers responsible for issuance are HSBCBC, GB Morgan Securities plc, Standard Chartered Bank, Samba Asset Management and Investment Management , First Abu Dhabi Bank and KFH Capital Investment Company.
The minimum subscription is 100 thousand Euros or the equivalent in any other currency. In the case of offering sukuk in the United States of America to qualified institutional investors, the minimum will be 200 thousand dollars or whatever Is equivalent to.
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