Samba mandates 5 banks for its $5 bln EMTN program

17/09/2019 Argaam

 

Samba Financial Group (Samba) said it plans to offer notes under its $5 billion Euro Medium Term Note (EMTN) program establish on July 15, 2019, the bank said in a statement to Tadawul.

 

Samba has mandated First Abu Dhabi Bank, Goldman Sachs International, HSBC, Samba Capital & Investment Management Co. and Standard Chartered Bank as joint lead managers for the proposed program.

 

Samba said the offer is expected to be in US dollars through a special purpose vehicle (SPV) with a guarantee from Samba pursuant to the terms determined by Samba and subject to market conditions. Samba will commence holding investor meetings as of September 17, 2019 in preparation for this offering of the notes.

 

The Board of Directors of Samba has approved the establishment of the program and the offer thereunder pursuant to its resolution dated December 17, 2018. 

 

The offer will be subject to the approval of the relevant regulatory authorities and will be made in accordance with the applicable laws and regulations.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read