‎Alinma Bank starts issuing US dollar-denominated sukuk

‎Alinma Bank starts issuing US dollar-denominated sukuk ‎Alinma Bank starts issuing US dollar-denominated sukuk

​‎

Logo ofAlinma Bank

Alinma Bankcommenced the issuance of US dollar-denominated sukuk under its Trust Certificate Issuance Program, the bank said in a statement onTadawul.

Advertisement

The offering starts today, July 8, and continues until July 9.

Sukuk Issuance Details

Offer Type

US dollar-denominated sukuk under its Trust Certificate Issuance Program

Offer Value

To be determined as per market conditions.

Start Date

July 8, 2025

End Date

July 9, 2025

Target Class

Qualified investors locally and internationally.

Lead Manager

Abu Dhabi Islamic Bank, Alinma Capital, Emirates NBD, Goldman Sachs, JP Morgan Securities and Standard Chartered as joint lead managers.

Minimum Subscription Limit

$200,000 with increments in multiples of $1,000.

Offer Price

Subject to market conditions

Par Value

$200,000

Sukuk Return

Subject to market conditions

Maturity

Five years

Terms of Redemption

The bank may redeem them in certain cases as detailed in the offering document related to Trust Certificate Issuance Program

The certificates will be listed on the International Securities Market of the London Stock Exchange and may only be sold in accordance with (Regulation S) of the US Securities Act of 1933, as amended, the statement added.

The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions, the bank further indicated.

 

Logo ofAlinma Bank

Alinma Bankcommenced the issuance of US dollar-denominated sukuk under its Trust Certificate Issuance Program, the bank said in a statement onTadawul.

The offering starts today, July 8, and continues until July 9.

Sukuk Issuance Details

Offer Type

US dollar-denominated sukuk under its Trust Certificate Issuance Program

Offer Value

To be determined as per market conditions.

Start Date

July 8, 2025

End Date

July 9, 2025

Target Class

Qualified investors locally and internationally.

Lead Manager

Abu Dhabi Islamic Bank, Alinma Capital, Emirates NBD, Goldman Sachs, JP Morgan Securities and Standard Chartered as joint lead managers.

Minimum Subscription Limit

$200,000 with increments in multiples of $1,000.

Offer Price

Subject to market conditions

Par Value

$200,000

Sukuk Return

Subject to market conditions

Maturity

Five years

Terms of Redemption

The bank may redeem them in certain cases as detailed in the offering document related to Trust Certificate Issuance Program

The certificates will be listed on the International Securities Market of the London Stock Exchange and may only be sold in accordance with (Regulation S) of the US Securities Act of 1933, as amended, the statement added.

The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions, the bank further indicated.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement