Abu Dhabi’s ADNOC Murban has set the price for its US $1.5 billion 10-year sukuk at a profit rate of 4.75%.
The final order book exceeded $3.9 billion, not including the interest of joint lead managers.
The issuer is ADNOC Murban RSC Ltd., which holds ratings of Aa2 (stable) from Moody’s, AA (stable) from S&P, and AA (stable) from Fitch.
ADNOC Murban Sukuk Limited serves as the trustee.
The senior, unsecured Sukuk Al-Wakala will offer a fixed profit, paid semi-annually in arrears.
The sukuk will be listed on the London Stock Exchange.
