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ItalianoBond Saudi Electricity Company 2.665% ( XS0764883806 ) in USD
| Issuer | Saudi Electricity Company | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Saudi Arabia
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| ISIN code |
 XS0764883806 ( in USD )
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| Interest rate | 2.665% per year ( payment 2 times a year) | ||||||
| Maturity | 03/04/2017 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 200 000 USD | ||||||
| Total amount | 500 000 000 USD | ||||||
| Detailed description |
Saudi Electricity Company (SEC) is a Saudi Arabian electric utility company responsible for generating, transmitting, and distributing electricity throughout the Kingdom. An overview of a recently matured fixed-income instrument reveals details concerning the Saudi Electricity Company's (SEC) USD-denominated bond, ISIN XS0764883806, which successfully reached its maturity date on April 3, 2017, and has since been fully redeemed. Saudi Electricity Company, the sole integrated power utility in the Kingdom of Saudi Arabia, plays a pivotal role in the nation's economic development and infrastructure, responsible for the generation, transmission, and distribution of electricity across the country; as a dominant, largely state-owned enterprise, SEC's financial instruments are often viewed within the context of the Kingdom's robust economic standing and strategic investment in essential services. This particular bond, issued out of Saudi Arabia, carried a coupon rate of 2.665%, with interest payments made semi-annually (frequency of 2); the total issuance size for this tranche was USD 500,000,000, catering primarily to institutional investors with a minimum purchase denomination set at USD 200,000, and upon its maturity, the bond was repaid at 100% of its face value, reflecting the timely and complete reimbursement of the principal amount to bondholders. |
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