Saudi Electricity Sukuk Programme Co, established in the Kingdom of Saudi Arabia, is an issuer focused on raising funds through Islamic finance mechanisms. The company specializes in the issuance of sukuk, or Islamic bonds, facilitating investment while adhering to Sharia principles.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SECO 4.63% 2033-04-11 USDSaudi Electricity Sukuk Programme Co | Cayman Islands | 2033-04-11 | 4.632 | 4.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Saudi Electricity Sukuk Programme Co has made significant strides in the sukuk market, issuing its first bond in 2011. Noteworthy issuances include a SAR 1.5 billion sukuk in 2020, aimed at financing sustainable energy projects, and a recent SAR 3 billion issuance in 2023, which garnered attention for its attractive yields of around 4.2%, surpassing the average yield of 3.8% in the sector. These issuances reflect the company's commitment to supporting infrastructure development in Saudi Arabia, with bonds often featuring competitive maturities and liquidity options for investors.