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FILE PHOTO: An Abu Dhabi National Oil Company's (ADNOC) robotic fueling arm fuels a car as part of a demonstration during a media tour in Abu Dhabi, United Arab Emirates, May 27, 2024. REUTERS/Nabila Eltigi NO RESALES. NO ARCHIVES/File Photo
Abu Dhabi ADNOC Murban has priced its US $1.5 billion 10-year sukuk at a profit rate of 4.75%.
Final orderbook was in excess of $3.9 billion, excluding joint lead manager interest.
The obligor is ADNOC Murban RSC Ltd., which is rated Aa2 (stable) by Moody's / AA (stable) by S&P / AA (stable) by Fitch.
ADNOC Murban Sukuk Limited is the trustee.
The senior, unsecured Sukuk Al-Wakala will have fixed profit payable semi-annually in arrear.
The sukuk will be listed on the London Stock Exchange.
(Writing by Brinda Darasha; editing by Seban Scaria)
