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IDB Trust Services Limited (Islamic Development Bank) Sukuk USD 1,000,000,000 1.831% 12-Mar-2020 - Final Terms

IB Insights
By IB Insights
8 years ago
IDB Trust Services Limited (Islamic Development Bank) Sukuk USD 1,000,000,000 1.831% 12-Mar-2020 - Final Terms


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  1. FINAL TERMS 10 March 2015 IDB Trust Services Limited Issue of U .S.$1,000,000,000 Trust Certificates due 2020 with, inter alia, the benefit of a Guarantee (in respect of the payment obligations arising under the Portfolio of the relevant Series of Trust Certificates) provided by THE ISLAMIC DEVELOPMENT BANK under the Trust U.S.$10,000,000,000 Certificate Issuance Programme The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any offer of Trust Certificates in any Member State of the European Economic Area which has implemented the Prospectus Directive (2003/71/EC) as amended (which includes the amendments made by Directive 2010/73/EU (the 2010 PD Amending Directive) to the extent that such amendments have been implemented in a relevant Member State) (the Prospectus Directive) (each, a Relevant Member State) will be made pursuant to an exemption under the Prospectus implemented in that Relevant Member State, from the requirement to publish a for offers of the Trust Certificates. Accordingly any person making or intending to make an prospectus offer in that Relevant Member State of the Trust Certificates may only do so in circumstances in which no obligation arises for IDB Trust Services Limited or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither IDB Trust Services Limited, the lsDB nor any Dealer has authorised, nor do they authorise, the making of any offer of Trust Directive, as Certificates in any other circumstances. Part A - Contractual Terms such for the purposes of the Terms and Prospectus dated 24 February 2015 which constitutes a base prospectus (the Base Prospectus) for the purposes of the Prospectus Directive. This document constitutes the Final Terms of the Trust Certificates described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Terms used herein shall be deemed to be defined Conditions (the Conditions) set forth in the Base as on the Issuer, the lsDB and the offer of the Trust Certificates described herein is only the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the London Stock Exchange's website at and http://www.londonstockexchange.com/exchange/news/market—news/market—news-home.html Full information available on during normal business Prospectus. 1 hours at the (i) Issuer. Trustee (ii) Guarantor specified office of the Principal Paying Agent IDB Trust Services Limited : (in respect of payment obligations under the Portfolio): 2 Series Number: 3 Specified Currency The Islamic 21 or set out in the Base Currencies: US. dollars Development Bank (the lsDB)
  2. 4 Aggregate Nominal 5 Issue Price : 6 (i) U.S.$1,000,000.000 Amount of Series: 100 per cent. of the Specified (this integral amount in which Transfer can Amount U.S.$200,000 and integral multiples of U.S.$1,000 excess thereof, up to and including U.S.$399,000 Denominations: the minimum means Aggregate Nominal in be made). U.S.$1,000 (ii) Calculation Amount: 7 (i) Issue Date: 12 March 2015 (ii) Return Accrual Commencement The Issue Date Date: 12 March 2020 8 Maturity 9 Periodic Distribution Amount Basis: 1.831 per cent. per Distribution Amount 10 Dissolution Basis: Dissolution at par Change of Periodic Distribution Amount Not Applicable Not Applicable 11 or 12 13 Date: Fixed Periodic Dissolution Basis: (i) Call (ii) Date Board approval for issuance of Trust Certificates obtained: Options: Method of distribution: 09 March 2015 Syndicated PROVISIONS RELATING TO PERIODIC DISTRIBUTION AMOUNTS 14 annum Fixed Periodic Distribution Amount (IF ANY) PAYABLE Applicable Provisions U.S.$9.155 per Calculation Amount (i) Fixed Amount: (ii) Periodic Distribution Date(s): 12 September and accordance with the (iii) Rate: 1.831 12 March in each year adjusted in Following Business Day Convention per cent. per annum payable semi-annually arrear (iv) Return Accumulation Period: Condition 7.5 (v) Broken Not Amount(s): (vi) Day Count Fraction: 15 Floating Periodic Amount Provisions Distribution (Return Accumulation Period) applies Applicable 30/360 Not Applicable in
  3. PROVISIONS RELATING TO DISSOLUTION 16 Optional Dissolution (Call) Not 17 Final Dissolution Amount U.S..$1.000 18 Early 19 Dissolution Event Dissolution Amount (Tax): Applicable per Calculation Amount Final Dissolution Amount As listed in sub-paragraphs (a) Condition 14 (Dissolution Events) to (f) inclusive of GENERAL PROVISIONS APPLICABLE TO THE TRUST CERTIFICATES 20 Additional Financial Centre(s) or other special provisions relating to London and New York Periodic Distribution Dates: 21 Other terms or special conditions Not Applicable DISTRIBUTION 22 if syndicated, names of Managers: Joint Lead Managers CIMB Bank (L) Limited Dubai Islamic Bank P.J.S.C. GIB Capital LLC HSBC Bank plc National Bank of Abu Dhabi PJSC Natixis NCB Capital Company RHB Islamic Bank Berhad Standard Chartered Bank Co-Lead Manager Bank of London and the Middle East PLC 23 If 24 Additional non-syndicated, name of Dealer: selling restrictions: Not Applicable Not Applicable
  4. B Trust Servicas Limited : By: Pi ........................................ Duly authorised Signed By: on Steph'entangan Director behalf Of the Islamic Development ................................................................. DUly authdri'sea Bank:
  5. Signed on behalf of lDB Trust Services Limited : By Duly authorised Signed By: on behalf of the Islamic A ................. Duly authorised Development B BDULAZ‘IZ"At-H1NAf-----u VICE PRESIDENT
  6. Part B — Other Information LISTING London, Bursa Malaysia and NASDAQ Dubai (i) Listing (ii) Admission to trading (under the Exempt Regime) Application has been made by the Trustee (or on its behalf) for the Trust Certificates to be admitted to trading on the Regulated Market of the London Stock Exchange with effect from 12 March 2015. Application is expected to be made by the Trustee (or on its behalf) for the Trust Certificates to be admitted to trading on the NASDAQ Dubai with effect from 15 March 2015. RATINGS The Trust Certificates to be issued have been rated: Ratings: S & P: AAA Moody's: Aaa Fitch: AAA INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE Save for any fees payable to the Joint Lead Managers and save as discussed in "Subscription and Sale" of the Base Prospectus, so far as the Issuer or the lsDB is aware, no person involved in the offer of the Trust Certificates has an interest material to the offer. The Joint Lead Managers and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer or the Guarantor and their affiliates in the ordinary course of business for which they may receive fees. ESTIMATED TOTAL EXPENSES Estimated total expenses related to the admission to Fixed Periodic Distribution Amount Trust Certificates Indication of yield: £3,650 trading: only — YIELD 1.831 per cent. Calculated Issue Date. on the basis of the Issue Price on the
  7. OPERATIONAL INFORMATION 0 ) ISIN: XS1200466677 (ii) Common Code: 120046667 (iii) Any clearing system(s) other than Not Applicable Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): (W) Delivery: (V) Names and addresses of initial (Vi) Delivery against payment paying HSBC Bank pic, 8 Canada Square, London Kingdom agent(s): 5HQ, United Names and addresses of additional Not Applicable paying agent(s) (if any): E14