The Saudi Electricity Company announced the start of issuing international green bonds denominated in US dollars, with fixed income, priority, not backed by assets, under the RegS system. < / p>
The company said in a statement to the Saudi market (Tadawul) today, Thursday, that the value of the offering will be determined according to market conditions, indicating that the start date of the offering is on September 10, The end is on the 11th of the same month.
and for the target group of the issue, they are institutional investors (qualified in the countries in which the offering will take place, according to the laws and regulations in force in those countries).
The entity responsible for managing the issuance is: First Abu Dhabi Bank, HSBC Bank, GBMorgan Bank, MUFG Bank and Standard Chartered Bank.
. The minimum subscription is $ 200,000 and multiples of no more than $ 1,000 each, depending on market conditions.
With regard to the offering price, the face value and the yield (of the instrument / bond), it will be determined according to market conditions, while the maturity period is 5 and 10 years according to market conditions as well.
The company clarified that the conditions for eligibility for redemption on the maturity date and early redemption when a case of change of control occurs.
The release will be under the RegS system, and the stability rules of the British Financial Conduct Authority (FCA) and the International Financial Market Corporation (ICMA) will also apply to the offering.
The bonds will also be listed on the Irish Stock Exchange (Euronext Dublin).
(Amazon Fun Knowledge)
