The First
Tranche consisted of 2,040,000 units (each, a 'Unit') of the Company at a price of $0.25 per Unit for gross proceeds of $510,000.
- The Third
tranche has a size of SAR 588 million, and a total
tranche size of SAR 9,109 billion, matures in 2034.
The first
tranche is to be paid Friday to shareholders on the register at at June 28 and the balance will be paid as a second
tranche "on a date to be determined by the board following release of the company's half-yearly results".
The PCOO said it had already submitted in the first quarter of 2019 the liquidation reports on the first
tranche of the funds.
40% (+/- 5bps) on the 5-year
tranche, and 7.60% (+/- 5 bps) on the long 10-year
tranche.
Only $21,000 was confirmed as liquidation for the third
tranche. Remolacio said documents are now being completed to comply with the outstanding liquidation requirements.
The first
tranche of these bonds is worth $1.750bn and had an interest rate of 6.125%, due on 31 January 2022; the second
tranche is worth $1bn with an interest rate of 7.5bn and is due on 31 January 2027, while the third
tranche was worth $1.25bn with an interest rate of 8.5% to be repaid on 31 January 2047.
However, in February 2017, President Duterte approved P2,000 increase in the SSS pension, with the initial P1,000 increase effective retroactively in January 2017, but, the second
tranche or the additional P1,000 to be implemented in year 2022 or earlier.
The company said the repricing resulted in a 100 basis point reduction in the interest rate for the new USD B-5 term loan
tranche and a 125 basis point reduction in the interest rate for the new EUR C-4 term loan
tranche.
The
Tranche one Sukuk's rating reflects a 4-notch uplift from MBSB's long-term A2 financial institution rating (FIR).
" Second
tranche of Gold Bond Scheme: About 3.16 lakh applications for 2,790 kgs gold involving subscription of Rs 726 crore received,'' Economic Affairs Secretary Shaktikanta Das tweeted.
