Logo ofAlinma Bank
Alinma Bank completed the issuance of additional Tier 1 (AT1) sukuk worth $500 million. 
For more news on listed companies
In a statement to Tadawul, the bank said the sukuk will be settled on May 28.
Details
Offer Type
US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme
Offer Value
$500 mln
Target Categories
Qualified investors inside and outside Saudi Arabia
Agents
Abu Dhabi Islamic Bank, Alinma Investment, Emirates NBD, Goldman Sachs International, J.P. Morgan Securities, and Standard Chartered Bank as joint lead managers
Total No. of Sukuk
2,500 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.50% annually
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
Sukuk may be redeemed prior to the maturity date under specific conditions outlined in the Base Offering Circular in relation to the Additional Tier 1 Capital Note Programme
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 the sukuk sale on May 20.
Logo ofAlinma Bank
Alinma Bank completed the issuance of additional Tier 1 (AT1) sukuk worth $500 million.
For more news on listed companies
In a statement to Tadawul, the bank said the sukuk will be settled on May 28.
Details
Offer Type
US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme
Offer Value
$500 mln
Target Categories
Qualified investors inside and outside Saudi Arabia
Agents
Abu Dhabi Islamic Bank, Alinma Investment, Emirates NBD, Goldman Sachs International, J.P. Morgan Securities, and Standard Chartered Bank as joint lead managers
Total No. of Sukuk
2,500 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.50% annually
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
Sukuk may be redeemed prior to the maturity date under specific conditions outlined in the Base Offering Circular in relation to the Additional Tier 1 Capital Note Programme
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 the sukuk sale on May 20.
