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Domestic bonds: Power and Water Utility Company, FRN 28may2033, SAR (SA13AVK2EC37)

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Variable rate, Sukuk, Senior Unsecured

Status
Outstanding
Amount
2,500,000,000 SAR
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Saudi Arabia
Current profit share rate
-
Price
-
Yield / Duration
-
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  • Placement amount
    2,500,000,000 SAR
  • Outstanding amount
    2,500,000,000 SAR
  • USD equivalent
    666,556,462.66 USD
  • Face value
    1,000,000 SAR
  • ISIN
    SA13AVK2EC37
  • FIGI
    BBG004M7XP27
  • Ticker
    MARAFI F 05/28/33

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Issue information

Profile
The power and water industry plays a key role in Saudi Arabias national development strategy. With an annual growth rate target of 7.5 percent, the value of the electricity, gas and water sector is set to ...
The power and water industry plays a key role in Saudi Arabias national development strategy. With an annual growth rate target of 7.5 percent, the value of the electricity, gas and water sector is set to grow to more than SR 21 billion in the next few years, accounting for almost 2 percent of the gross domestic product. As the first private integrated power and water utility company in the Kingdom, Marafiq finds itself at the spearhead of the national drive to privatise public enterprises that are economically viable and sustainable. In particular, it supports the national development plan of providing opportunities to finance, operate and maintain utility services in the power and water sector. Marafiq is the utility lifeline to the industrial cities of Jubail and Yanbu. These two cities are a beacon of light on the Kingdom's journey of national economic development and privatisation. Jubail and Yanbu have been a resounding success in establishing an industrial support base and infrastructure to encourage domestic and international investment in primary and secondary industries, and provide job opportunities for Saudi nationals. With initiatives such as the formation of Marafiq to support major industrial developments, the Kingdom has been able to sustain its growth and development programme, keep pace with global economic changes and requirements and supply existing and future industries with essential services at competitive prices. In a relatively short space of time, Marafiq has succeeded admirably in laying a solid foundation as a private enterprise with a customer-focused approach. It can look forward with confidence to continue building on its strong foundation of competitiveness, and to realize its vision to be the preferred supplier of utility services in the Kingdom.
Volume
  • Placement amount
    2,500,000,000 SAR
  • Outstanding amount
    2,500,000,000 SAR
  • Outstanding face value amount
    2,500,000,000 SAR
  • USD equivalent
    666,556,463 USD
Face value
  • Face value
    1,000,000 SAR
  • Outstanding face value
    *** SAR
  • Increment
    *** SAR

Cash flow parameters

  • Variable rate type
    Floating rate
  • Reference rate
    6M SAIBOR
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Early redemption terms

***

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

track your portfolio in the most efficient way
Bond Search
Watchlist
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×

— Are you looking for the complete & verified bond data?

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full data on over 700 000 bonds, stocks & ETFs; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.

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×

Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Initial issue price (yield)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
Participants
  • Bookrunner
    ***

Conversion and exchange

  • Conversion terms
    ***

Additional information

Identifiers

  • ISIN
    SA13AVK2EC37
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • FIGI
    BBG004M7XP27
  • Ticker
    MARAFI F 05/28/33
  • Type of security by CBR
    ***

Bond classification

  • Senior Unsecured
  • Coupon bonds
  • Variable rate
  • Sukuk
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Trace-eligible

Restructuring

***

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