Logo ofAlinma Bank
Alinma Bank announced the completion of its issuance of USD-denominated additional Tier 1 (AT1) sustainable sukuk under its AT1 issuance program, with a total value of $500 million, according to a statement published on Tadawul. 
Issuance details
Item
Description
Type of issuance
USD-denominated additional Tier 1 (AT1) sustainable sukuk under its AT1 issuance program
Issue size
$500 mln
Total number of sukuk
2,500 sukuk (based on minimum denomination and total issuance volume)
Nominal value
$200,000
Return
6.25% per annum
Maturity
Perpetual, callable after 5.5 years
Rede
mption conditions
The debt instruments may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular of the AT1 issuance program
According to data available on Argaam, Alinma Bank launched yesterday, Aug. 27, its USD-denominated additional Tier 1 (AT1) sustainable sukuk.
For more news on listed companies
Logo ofAlinma Bank
Alinma Bank announced the completion of its issuance of USD-denominated additional Tier 1 (AT1) sustainable sukuk under its AT1 issuance program, with a total value of $500 million, according to a statement published on Tadawul.
Issuance details
Item
Description
Type of issuance
USD-denominated additional Tier 1 (AT1) sustainable sukuk under its AT1 issuance program
Issue size
$500 mln
Total number of sukuk
2,500 sukuk (based on minimum denomination and total issuance volume)
Nominal value
$200,000
Return
6.25% per annum
Maturity
Perpetual, callable after 5.5 years
Rede
mption conditions
The debt instruments may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular of the AT1 issuance program
According to data available on Argaam, Alinma Bank launched yesterday, Aug. 27, its USD-denominated additional Tier 1 (AT1) sustainable sukuk.
