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GIB and Riyad Capital close $133mln sukuk

Posted on 24 April 2012

GIB Capital, acting as joint lead manager and joint book runner with Riyad Capital, has successfully closed Ajil Financial Services company’s privately placed 500 million Saudi riyals ($133.3m) sukuk, issued through Ajil Cayman, a limited liability special purpose company incorporated in the Cayman Islands.
The inaugural sukuk has a three-year tenor with an amortising structure and pays a coupon of three month Sibor plus 80 basis points quarterly. The sukuk was issued at par………………………………………..Full Article: Source

 
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