|Status||Country of risk||Maturity (option)|
This field shows outstanding face value amount for outstanding bonds
|Issue ratings (M/S&P/F)|
|outstanding||Saudi Arabia||**/**/****||1,000,000,000 USD||***/***/***|
|SPV / Issuer||SABIC Capital 2 B.V.|
|Bond type||Coupon bonds|
|Placement method||Open subscription|
The net proceeds of the issue of the Notes, expected to amount to U.S.$994,720,000 in respect of the Series A Notes and U.S.$990,540,000 in respect of the Series B Notes, in each case, after deduction of the combined management, underwriting and selling commission and the expenses incurred in connection with the issue of the Notes (see further "Subscription and Sale"), will be used by the Issuer to extend loans to other Group companies in the United States for their general purposes, including refinancing their existing intercompany indebtedness to the Issuer. In the short term, following such refinancing of intercompany indebtedness, the proceeds will be used to reduce borrowing levels under the Group's Revolving Credit Facility (as defined in "Management's Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Indebtedness"). The Group has recently used borrowings under the Revolving Credit Facility to repay certain term loans and expects to use additional borrowings under the Revolving Credit Facility to repay the 2018 Bonds (as defined in "Management's Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Indebtedness") prior to the Issue Date.
|Par amount, integral multiple||1,000 USD|
|Nominal of international bonds||1,000 USD|
|Minimum settlement amount||200,000 USD|
|Outstanding principal amount||200,000 USD|
|Outstanding face value amount||1,000,000,000 USD|
|Other tranches||SABIC, 4% 10oct2023, USD|
|Current coupon rate||4.5%|
|Day count fraction||***|
|Coupon frequency||2 time(s) per year|
|Interest accrual date||**/**/****|
|Issue is included in calculation of indices||Euro-Cbonds Corporate Middle East, Euro-Cbonds IG Corporate EM, Euro-Cbonds IG Corporate Middle East|
|Trading floor||Date and time||Bid/ 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.
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.
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/.
|05/21/2020||*** / *** (*** / ***)||*** (***)||***||***||Archive|
|Market participant||Date and time||Bid/ask or last price|
|Mashreqbank||05/25/2020 17:03||***.**** / ***.**** (*.** / *.**)|
|Anonymous participant 12||05/22/2020||***.**** (*.**)|
|Anonymous participant 20||05/22/2020||***.**** (*.**)|
|Shuaa Capital||05/22/2020||***.**** / ***.**** (*.** / *.**)|
|Supranational bond issues|
|ISIN / ISIN RegS||XS1890684761|
|Common Code / Common Code RegS||189068476|
|CFI / CFI RegS||DBFUCR|
|FIGI / FIGI RegS||BBG00M512BM2|
|WKN / WKN RegS||A2RSTL|
|Ticker||SABIC 4.5 10/10/28 REGS|
|Issuer rating on issue date (M/S&P/F)||***/***/***|
|Initial issue price (yield)||**.***% (*.***%)|
|Spread over US Treasuries, bp||***.**|
|Bookrunner:||BNP Paribas, Citigroup, HSBC, Mitsubishi UFJ Financial Group, Standard Chartered Bank|
|Depository:||Euroclear Bank, Clearstream Banking S.A., DTCC|
|Issuer Legal Adviser (International law):||Clifford Chance|
|Arranger Legal Adviser (Domestic law):||Loyens & Loeff, Salman M. Al-Sudairi, Abuhimed Alsheikh Alhagbani Law Firm|
|Arranger Legal Adviser (International law):||Latham & Watkins|