BSF issues US dollar Sukuk

Logo of Banque Saudi Fransi (BSF)

Banque Saudi Fransi (BSF) started issuing its US dollar denominated Sukuk under its Trust Certificate Issuance Program.

In a statement to Tadawul, BSF said the value and terms of the certificates will be determined subject to the market conditions.

Sukuk Details
Type of Issuance	US dollar denominated Sukuk under its Trust Certificate Issuance Program
Amount of Issuance	Subject to market conditions
Start Date	May 23, 2023
Closing Date	May 24, 2023
Target Group	Qualified Investors inside and outside the Kingdom
Minimum Subscription	$200,000 and integral multiples of $1,000 in excess thereof
Listing Price	Subject to market conditions
Par Value	$200,000
Return	Subject to market conditions
Maturity	Five years
Terms of Redemption	May be redeemed early subject to the terms and conditions of the Sukuk
Underwriters	Citigroup Global Markets Limited, First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, Mizuho International plc and Saudi Fransi Capital as joint lead managers

This announcement does not represent an invitation or an offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the issuance.

BSF will announce any other relevant material developments in due course.

Sukuk will be listed on the International Securities Market of the London Stock Exchange (LSE).

Sukuk may only be sold by virtue of Regulation S under the Securities Act of 1933, as amended.

The issuance end date, which is mentioned above, is the expected date for the issuance end, subject to market conditions.

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