Saudi Aramco USD 3B Ijarah Sukuk 2030
XS2100334455 · Energy
Back to DashboardA+A+
Current Yield
4.20%
+1.40% vs issuance
Coupon Rate
2.75%
at issuance 2.80%
Maturity
4.1yr
10 Apr 2030
Face Value
USD 3.0B
7.5x oversubscribed
Issuance Details
- ISIN
- XS2100334455
- Structure
- Ijarah
- Issuance Date
- 10 Apr 2020
- Maturity Date
- 10 Apr 2030
- Tenor
- 10 years
- Status
- Active
- Lead Arranger
- Goldman Sachs
- Trustee
- Deutsche Trustee Company Limited
Ratings
S&P
Stable outlook
Rated 25 Mar 2020
Moody's
Stable outlook
Rated 25 Mar 2020
Use of Proceeds
General corporate financing and capital expenditure for oil & gas exploration and production activities.
Plain-Language Summary
AI-ReadySaudi Aramco's Ijarah sukuk is backed by a pool of oil production facilities leased to Aramco. Investors receive lease rental payments as periodic distributions. As the world's largest oil company, Aramco's strong credit profile drives ultra-competitive pricing. Yield has risen significantly since issuance due to global interest rate increases.