Final Price
The final price for the periodic distribution amount (as defined in the Terms and Condition section of the Offering Circular dated 28 April 2008) for the SABIC's third Sukuk offering is set at 48 basis points (bps) over SIBOR.
The Offering Circular as well as the Subscription Application Form (Arabic and English) are available on the following websites:
Printed copies of the Offering Circular and the Application Form will be available from the following locations:
|
HSBC Saudi Arabia Limited SABB Olaya Superbranch Intersection of King Abdullah & Olaya Roads Investment Banking Finance |
CalyonSaudiFransiLimited Banque Saudi Fransi Head Office Al Mather Street |
Interested investors are urged to read and understand the Offering Circular (in particular the Risk Factors section) and the Subscription Application Form. In case of queries, investors should consult any of the Joint Lead Managers per the contacts provided below or consult their financial adviser
Investors should note that the Sukuk are not equity shares. As an example, selected past performance of the Sukuk issued by SABIC in July 2006 has been as follows:
SABIC Sukuk 2006:
Please note that the subscription form must be verified by the bank at which the investor has a bank account. Any subscription form which is incomplete can be rejected without an explanation or obligation to revert to the potential investor.
The original completed and verified Application Form along with the supporting documents is required to be verified by the interested investor's bank (verification of ID and signature) and then submitted to either of the two Lead Managers (the form cannot be submitted to any bank branch).
|
HSBC Saudi Arabia Limited Address: P.O. Box 9084, Riyadh 11413 SABB Olaya Superbranch Intersection of King Abdullah & Olaya Roads Investment Banking Finance |
BanqueSaudi Fransi Address: P.O. Box 56006, Riyadh 11554 Banque Saudi Fransi Head Office Al Mather Street
|
Please note that the last date for submitting the order and supporting documents is Wednesday 14th May 2008.
Following closing of books on14th May 2008, an allocation exercise will be conducted by the company, and investors will be advised of their exact allocation. At this stage, investors should make preparations to transfer funds corresponding to their exact allocation to the account details as described in the Subscription Application Form.
The final settlement date (the latest date by which funds are required to be in the above account) is targeted for on or around the 26th May 2008. However, we strongly recommend that the investors transfer the funds to the account described in the Subscription Application Form at least two business days prior, e.g., by 24th May 2008. In making the transfer, investors should clearly identify the identity of the transferor, or on behalf of which investor the funds are being transferred.
Following successful settlement, the Sukuk will then start trading shortly after, and Tadawul (as Registrar) will ensure settlement and clearing. For any trades or any clarifications after the allotment and settlement process, investors will need to contact the Sukukholders’ Agent, HSBC Saudi Arabia Limited, at the contact details mentioned above.
