Logo of Riyad Bank
Riyad Bank started today, Sept. 8, the offer of SAR-denominated Additional Tier 1 capital sukuk, as shown in the following table:
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Sukuk Details |
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Issuance type |
SAR-denominated Additional Tier 1 capital sukuk |
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Amount |
The value and terms of offer will be determined subject to market conditions |
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Start date |
Sept. 8, 2022 |
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End date |
Dec. 31, 2022 |
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Target group |
Institutional and qualified investors (based on Article 8/A/1 of the Rules on the Offer of Securities and Continuing Obligations) |
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Lead Manager and Bookrunner |
Riyad Capital |
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Minimum subscription |
SAR 250,000 |
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Offer price |
It will be determined based on market conditions |
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Par value |
SAR 250,000 |
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Return |
It will be determined based on market conditions |
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Maturity |
None |
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Redemption |
The bank may redeem sukuk in specific cases as shown in the offer document |
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