By Mary-Katherine Stinson
Lexington, Ky., April 4 – MDGH Sukuk Ltd. priced $1 billion of 4.959% trust certificates due April 4, 2034 (Aa2//AA) under Mamoura’s trust certificate issuance program, according to a final terms sheet.
The Regulation S sukuk certificates priced at par and are guaranteed by Mamoura Diversified Global Holdings PJSC.
They may be redeemed on any business day beginning on Jan. 4, 2034 and are subject to a change of control put, in both cases at par.
Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Bank of China Ltd., London Branch, Citigroup Global Markets Ltd., Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Merrill Lynch International, MUFG Securities EMEA plc and Standard Chartered Bank led the sale.
Mamoura is an investment firm based in Abu Dhabi.
| Issuer: | MDGH Sukuk Ltd.
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| Obligor: | Mamoura Diversified Global Holdings PJSC
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| Amount: | $1 billion
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| Issue: | Trust certificates
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| Maturity: | April 4, 2034
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| Bookrunners: | Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Bank of China Ltd., London Branch, Citigroup Global Markets Ltd., Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Merrill Lynch International, MUFG Securities EMEA plc and Standard Chartered Bank
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| Distribution: | 4.959%
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| Price: | Par
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| Yield: | 4.959%
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| Call features: | At par beginning Jan. 4, 2034
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| Change of control: | At par
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| Settlement date: | April 4
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| Ratings: | Moody’s: Aa2
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| Fitch: AA
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| Distribution: | Regulation S
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| ISIN: | XS2797416760
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