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Sukuk
Wakalah
Public Investment Fund USD 2bn Sukuk 2031
Public Investment Fund · Saudi Arabia
International sukuk from Saudi Arabia's sovereign wealth fund, supporting Vision 2030 investments.
Key terms
- Issuer profile
- Public Investment Fund
- ISIN
- XS2624502139
- Structure
- Wakalah
- Issue size
- $2B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 5.05% (fixed)
- Indicative price
- 98.70
- Yield to maturity
- 5.351%
- Spread
- 102 bps
- Ratings
- Aa3 / A+
Key dates
- Issue date
- 8 Oct 2024
- Maturity date
- 8 Oct 2031
- Tenor
- 7 years
Shariah information
- Shariah advisor
- Shariah advisors to the programme
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah portfolio of investment assets
- Use of proceeds
- General corporate purposes of the fund