- Search
- Riyadh12 ° C
Riyad Bank completes $750M sukuk offer
Riyad Bank completed its $750 million worth of USD-denominated additional Tier 1 sustainable sukuk, under its international additional Tier 1 sukuk program.
The sukuk will be settled on Oct. 3, the bank said in a statement to Tadawul.
| Offer Details | |
| Offer Type | USD-denominated sustainable sukuk |
| Issuance Value | $750 mln |
| Total No. of Sukuk | 3,750 (based on the category’s minimum limit and total issuance size) |
| Nominal Value | $200,000 |
| Yield | 5.50% annually |
| Maturity Period | Perpetual, callable after 5 years |
| Redemption Terms | The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular |
The sukuk will be listed on London Stock Exchange's International Securities Market (ISM). The sale of the sukuk is permissible only in accordance with Regulation S of the US Securities Act of 1933, as amended.
The bank commenced on Sept. 26 its US dollar-denominated sustainable sukuk offering, Argaam reported.
Share:
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR
D360 Bank Secures Approval from Saudi Central Bank for Its Official Launch
Sunday 22 December, 2024 8:01
NWC explains the benefits and mechanism of verifying water meter information
Sunday 22 December, 2024 8:11
NEOM inks pact with Samsung C&T for SAR 1.3B robotics construction project
Friday 20 December, 2024 6:45
DP World issues $100 million Blue Bond
Sunday 22 December, 2024 8:37
Saudi Arabia’s Emerging Leaders Drive Impact Across Sectors Through BCG’s Jeel Tamooh Program
Sunday 22 December, 2024 8:05
About Eye of Riyadh
×