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International bonds: Saudi Electricity Company, 4.723% 27sep2028, USD (XS1877838877)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
outstandingSaudi Arabia**/**/****1,200,000,000 USD***/***/***
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Issue information

BorrowerSaudi Electricity Company
SPV / IssuerSaudi Electricity Global SUKUK Company 4
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
The net proceeds of the issue of the Certificates of each Series of approximately U.S.$800,000,000, in the case of the 2024 Certificates, and approximately U.S.$1,200,000,000 in the case of the 2028 Certificates will be used by the Trustee as the purchase price to be paid to SEC on the Closing Date for the purchase of the Ijara Assets relating to each Series. SEC will use the net proceeds received from the Trustee to finance the SEC Group’s general corporate purposes, including capital expenditures.
Par amount, integral multiple1,000 USD
Nominal of international bonds1,000 USD
Minimum settlement amount200,000 USD
Outstanding principal amount200,000 USD
Amount1,200,000,000 USD
Outstanding face value amount1,200,000,000 USD
Placement date**/**/****
Maturity date**/**/****
Other tranchesSaudi Electricity Company, 4.222% 27jan2024, USD
Floating rateNo
Coupon Rate*.***%
Current coupon rate4.723%
Day count fraction***
ACI*** (09/17/2019)
Coupon frequency2 time(s) per year
Interest accrual date**/**/****
ListingIrish S.E.
Issue is included in calculation of indicesEuro-Cbonds Corporate Middle East, Euro-Cbonds IG Corporate EM, Euro-Cbonds IG Corporate Middle East

Related issues

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Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
09/16/2019*** / *** (*** / ***)*** (***)******Archive
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Bond Quotes by Market Participants

Market participantDate and timeBid/ask or last price
(Yield)
Anonymous participant 2009/16/2019***.*
(*.**)
Mashreqbank09/16/2019***.** / ***.**
(*.** / *.**)
Shuaa Capital09/16/2019***.* / ***.**
(*.** / *.**)
Anonymous participant 1209/13/2019***.**
(*.**)
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Price chart

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Stock exchange and OTC quotes

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
BERLIN EXCHANGE
i
Foreign bonds compliment the international security selection at Börse Berlin. In Germany many of these are traded only in Berlin. Naturally Börse Berlin has the full range of fixed interest securities of the German Federation and its constituencies with bonds from companies and other issuers also on offer. Certificates and warrants round off the security offering in Berlin.
09/17/2019 13:01***.* / ***.** (*.** / *.**)***.*** (*.**)
BERLIN EXCHANGE
i
Foreign bonds compliment the international security selection at Börse Berlin. In Germany many of these are traded only in Berlin. Naturally Börse Berlin has the full range of fixed interest securities of the German Federation and its constituencies with bonds from companies and other issuers also on offer. Certificates and warrants round off the security offering in Berlin.
09/16/2019*** / *** (*** / ***)*** (***)******Archive
STUTTGART EXCHANGE09/16/2019*** / *** (*** / ***)*** (***)******Archive
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
Mortgage bonds
Trace-eligible
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-Marketable Securities

Identifiers

ISIN / ISIN RegSXS1877838877
Common Code / Common Code RegS187783887
CFI / CFI RegSDAFNAR
FIGI / FIGI RegSBBG00M14GJ11
WKN / WKN RegSA2RR98
TickerSECO 4.723 09/27/28

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% (*.****%)
Spread over mid-swaps, bp***.**
Settlement Duration*.**

Participants

Depository: Clearstream Banking S.A.
Bookrunner: Citigroup, First Abu Dhabi Bank, HSBC, Mizuho Financial Group, Mitsubishi UFJ Financial Group, Natixis, SMBC Nikko Capital, Standard Chartered Bank
Issuer Legal Adviser (International law): Allen & Overy
Trustee: Saudi Electricity Global SUKUK Company 4
Paying agent: HSBC
Issuer Legal Adviser (Domestic law): Walkers, Khoshaim & Associates
Arranger Legal Adviser (International law): Latham & Watkins
Arranger Legal Adviser (Domestic law): Salman M. Al-Sudairi
Additional information
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Payment schedule

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Coupon dateActual Payment DateCoupon, %Coupon payment amount, USDRedemption of principal, USD
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Show following
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Issue ratings

Saudi Electricity Company, 4.723% 27sep2028, USD

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)07/12/2019
Moody's Investors Service ***/***LT- foreign currency09/13/2018
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Issuer ratings

Saudi Electricity Company

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)07/12/2019
Moody's Investors Service ***/***LT- foreign currency05/17/2016
Moody's Investors Service ***/***LT- local currency05/17/2016
S&P Global Ratings***/***Foreign Currency LT10/30/2017
S&P Global Ratings***/***Local Currency LT10/30/2017
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Consolidated IFRS reports

year 1 Q 2 Q 3 Q 4 Q
2019
0.66 M eng
2.22 M eng
2018
1.62 M eng
2017
5.09 M eng
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