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International bonds: Al Baraka Banking Group, 7.875% perp., USD (XS1609448979)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
outstandingBahrainUndated (**/**/****)400,000,000 USD***/***/***
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Yield calculation

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Issue information

BorrowerAl Baraka Banking Group
SPV / IssuerABG Sukuk
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
The net proceeds of the Certificates will be paid by the Trustee (as Rab-al-Maal) to the Bank (as Mudareb) as contribution of the Mudaraba Capital pursuant to the terms of the Mudaraba Agreement.
Par amount, integral multiple1,000 USD
Nominal of international bonds1,000 USD
Minimum settlement amount200,000 USD
Outstanding principal amount200,000 USD
Amount400,000,000 USD
Outstanding face value amount400,000,000 USD
Placement date**/**/****
Floating rateYes
Reference rate5Y USD Swap Rate
Margin6.01
Coupon RateShow
Coupon Rate
*.***% from the interest commencement date until **.**.****, *Y USD Swap Rate + *.***% from **.**.**** to maturity
Current coupon rate7.875%
Day count fraction***
ACI*** (10/18/2019)
Coupon frequency2 time(s) per year
Interest accrual date**/**/****
ListingIrish S.E.

Related issues

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Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
10/16/2019*** / *** (*** / ***)*** (***)******Archive
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Bond Quotes by Market Participants

Market participantDate and timeBid/ask or last price
(Yield)
Mashreqbank10/17/2019***.** / ***.**
(*.** / *.**)
Shuaa Capital10/17/2019***.* / ***.**
(*.** / *.**)
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
Mortgage bonds
Trace-eligible
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-Marketable Securities

Identifiers

ISIN / ISIN RegSXS1609448979
Common Code / Common Code RegS160944897
CFI / CFI RegSDBFQPR
FIGI / FIGI RegSBBG00GSMLRB0
WKN / WKN RegSA19JAD
TickerBARKAB V7.875 PERP

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% ( - )
Spread over mid-swaps, bp***.*

Participants

Bookrunner: Bank ABC, Dubai Islamic Bank, Emirates NBD, KFH Capital Investment Company, Noor Bank, Qinvest, Standard Chartered Bank
Depository: Euroclear Bank, Clearstream Banking S.A.
Trustee: ABG Sukuk
Issuer Legal Adviser (International law): Linklaters
Issuer Legal Adviser (Domestic law): Zu'bi & Partners
Arranger Legal Adviser (International law): Allen & Overy
Arranger Legal Adviser (Domestic law): Hassan Radhi & Associates Attorneys & Legal Consultants
Issuer Legal Adviser (Listing law): Bank of New York Mellon, S.A. (Mexico)

Payment schedule

*****

Coupon dateActual Payment DateCoupon, %Coupon payment amount, USDRedemption of principal, USD
Show previous
1**/**/******/**/*****.****,***
2**/**/******/**/*****.****,***
3**/**/******/**/*****.****,***
4**/**/******/**/*****.****,***
5**/**/******/**/*****.****,***
6**/**/******/**/*****.****,***
7**/**/******/**/*****.****,***
8**/**/******/**/*****.****,***
9**/**/******/**/*****.****,***
10**/**/******/**/*****.****,***
Show following
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Early redemption terms

*****

DateOption typePriceAdditional information
Show previous
**/**/****call***perpetual call
Show following
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Issuer ratings

Al Baraka Banking Group

Rating AgencyRating / OutlookScaleDate
S&P Global Ratings***/***Foreign Currency LT08/20/2018
S&P Global Ratings***/***Local Currency LT08/20/2018
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Consolidated IFRS reports

year 1 Q 2 Q 3 Q 4 Q
2019
0.55 M eng
0.87 M eng
2018
0.65 M eng
0.83 M eng
1.03 M eng
2.94 M eng
2017
2.45 M eng
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