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Published on 9/11/2020 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Saudi Electricity plans five-year, 10-year green sukuk offering

Chicago, Sept. 11 – Saudi Electricity Global Sukuk Co. 5 announced that it will be hosting investor calls for a green sukuk offering in two parts (A2), according to a company announcement.

The tenor of the two series will be five years and 10 years.

Redemption will be at maturity and early redemption is possible following a change-of-control event.

The Regulation S issue is being underwritten by First Abu Dhabi Bank, HSBC, J.P. Morgan, MUFG and Standard Chartered Bank.

The notes will be listed on Euronext Dublin.

The issuer is a majority state-owned electricity company.


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