Energy, Oil & Gas

Energy Development Oman issues USD 10-year sukuk worth $650m

Energy Development Oman (EDO) has announced the s issuance of a USD 10-year Sukuk of RO 250 million ($650 million), maturing in January 2036. Priced at a profit rate of 5.14 per cent, the Sukuk achieved a credit spread of 100 basis points over the 10-year US Treasury benchmark, representing the tightest pricing ever secured by an Omani government-related entity (GRE)....

Energy, Oil & Gas

Saudi Electricity issues $2.4bn sukuk; eyes London listing

Saudi Electricity Company has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturities of three, six and 10 years. The sukuk will be listed on the London Stock Exchange’s international securities market. ...

Energy, Oil & Gas

Oman Electricity Transmission achieves $750m 5-year green sukuk issuance

Oman Electricity Transmission Company (OETC), the sole owner and operator of Oman's electricity transmission network and a key subsidiary of Nama Group, has announced the pricing and issuance of its inaugural RO 288.5 million ($750 million) 5-year Green Sukuk under its Green Financing Framework....