Alinma Bank completes issuance of $1B AT1 capital certificates

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Alinma Bank announced today, Feb. 29, the completion of its dollar-denominated Additional Tier 1 (AT1) capital certificates issuance, as follows:

Offer Details
Item	Details
Offer Type	Dollar-denominated AT1 capital certificates
Issuance Value	$1 bln
Total Number (Sukuk/Bonds)	5,000 (based on the minimum denomination and total issue size)
Nominal Value (Sukuk/Bond)	$200,000
Return (Sukuk/Bond)	6.5% annually
Maturity Period	Perpetual, callable after 5 years
Redemption Terms	Certificates may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Offering Circular dated Feb. 26.

The Additional Tier 1 capital certificates will be listed on the International Securities Market of the London Stock Exchange. The certificates may only be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.

According to data available on Argaam, Alinma Bank commenced, on Feb. 28, the offer of dollar-denominated Additional Tier 1 (AT1) capital certificates. The number and terms of the AT1 certificates were to be set according to market conditions.

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