IFLR1000

National Shipping Company of Saudi Arabia (Bahri) SR3.9 billion sukuk

30/7/2015
Murabaha, Sukuk
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Af 3.9 billion

$ 1.040 billion

Completed

30/7/2015

Overview:

  • National Shipping Company of Saudi Arabia (Bahri) has undertaken a SR3.9 billion sukuk (Islamic bond) issue.
  • The sukuk matures in July 2022 and was issued on the Tadawul.
  • HSBC, JPMorgan and Samba Financial Group acted as joint lead managers.

Sam Duke - Editor

Jurisdictions:

Saudi Arabia
United Arab Emirates

Deal types:

Murabaha
Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Shipping

Firms:
Allen & Overy

Party: JPMorgan Chase (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: Samba Financial Group (Joint lead manager)

Lawyer: Bilal Ahmad

Clifford Chance

Party: National Shipping Company of Saudi Arabia (Bahri) (Issuer)

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