Logo of Riyad Bank
Riyad Bank completed its SAR-denominated additional Tier 1 capital sukuk issuance under its SAR additional Tier 1 Sukuk program, worth SAR 2 billion, the lender said in a statement on Tadawul.
The sukuk will be settled on Jan. 23, the statement added.
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Sukuk Issuance Details |
|
|
Offer Type |
SAR-denominated additional Tier 1 capital sukuk |
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Offer Value |
SAR 2 bln |
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Total No. of Sukuk |
8000 suk |
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Par Value |
SAR 250,000 |
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Sukuk Return |
6% annually |
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Maturity |
Perpetual subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk |
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Terms of Redemption |
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk. |
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