Al Rajhi Bank Tower
Al Rajhi Bank completed its $1.5 billion worth of USD-denominated additional Tier 1 (AT1) capital sustainable sukuk issuance under its international AT1 sukuk program.
For more news on listed companies
The sukuk will be settled on Jan. 21, the bank said in a statement to Tadawul.
|
Details |
|
|
Offer Type |
USD-denominated additional Tier 1 capital sustainable sukuk |
|
Issuance Value |
$1.5B |
|
Total Number of Sukuk |
7,500 (Based on the minimum denomination per tranche and the total issuance size) |
|
Nominal Value |
$200,000 |
|
Return |
6.25% per annum |
|
Maturity Period |
Perpetual sukuk, may be redeemed 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 the 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.
According to data available on Argaam, the bank started yesterday, Jan. 14, the offer of USD-denominated additional tier 1 capital sustainable sukuk.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}