Al Rajhi Bank tower
Al Rajhi Bankcompleted issuing $1billion Tier 2 social sukuk, under its international sukuk program. 
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The sukuk is expected to be settled on Sept. 16, the bank said in a statement to Tadawul.
Details
Offer Type
USD-denominated Tier 2 social sukuk
Issuance Value
$1 bln
Total Number of Sukuk
5,000 (Based on the minimum denomination per tranche and the total issuance size)
Nominal Value
$200,000
Return
5.65%per annum
Maturity Period
10.5 years, may be redeemed after 5 years
Redemption Terms
The sukuk may be redeemed under certain conditions as detailed in the offering circular
Al Rajhi Bank tower
Al Rajhi Bankcompleted issuing $1billion Tier 2 social sukuk, under its international sukuk program.
For more news on listed companies
The sukuk is expected to be settled on Sept. 16, the bank said in a statement to Tadawul.
Details
Offer Type
USD-denominated Tier 2 social sukuk
Issuance Value
$1 bln
Total Number of Sukuk
5,000 (Based on the minimum denomination per tranche and the total issuance size)
Nominal Value
$200,000
Return
5.65%per annum
Maturity Period
10.5 years, may be redeemed after 5 years
Redemption Terms
The sukuk may be redeemed under certain conditions as detailed in the offering circular
