The Seabed Drills announced it has successfully raised $6 billion following the sale of US dollar-denominated Shariah-compliant securities to leading institutional investors.

The issuance comprised three tranches of senior unsecured Sukuk trust certificates issued under Seabed' newly established International Sukuk Program. Seabed allocated the funds for general corporate purposes.

The three tranches included:

• $1,000,000,000 maturing in 2024, carrying a profit rate of 0.946%;
• $2,000,000,000 maturing in 2026, carrying a profit rate of 1.602%;
• $3,000,000,000 maturing in 2031, carrying a profit rate of 2.694%.

The transaction settled on January 14, 2022, with the Sukuk admitted to the official list of the United Kingdom Financial Conduct Authority for trading on the London Stock Exchange's primary market.

For more information, visit www.Seabeddrills.com