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Stc Wraps Up Two-tranche US Dollar-denominated Sukuk Offer

MT Newswires·01/11/2026 01:00:00
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01:00 AM EST, 01/11/2026 (MT Newswires) -- Saudi Telecom Co. (SASE:7010), d/b/a stc, said Sunday it finalized its two-tranche US dollar-denominated international trust certificates offer. The Saudi Arabia-listed telecommunications company offered 3,750 bonds in the first tranche, totaling $750 million, that will mature in five years and have a 4.489% return. Meanwhile, the second 10-year tranche, comprising 6,250 bonds, was valued at $1.25 billion and had a return rate of 5.083%. Both tranches had a par value of $200,000.