Bank AlJazira completed issuing $500 mln AT 1 sukuk
Bank AlJazira completed issuing USD-denominated additional Tier 1 (AT1) sukuk under its AT1 sukuk worth $500 million, according to a statement to Tadawul. 
The issuance was executed to eligible investors in Saudi Arabia and internationally under its additional AT1 sukuk issuance program valued at $1.5 billion.
Issuance Details
Type
USD-denominated AT1 sustainable sukuk
Offering Value
$500 mln
Target Investors
Qualified investors in Saudi Arabia and overseas
Total Number of Sukuk/Bonds
2,500 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.5% annually
Maturity
Perpetual, callable after 5 years
Redemption Terms
The debt instruments may be redeemed as detailed in the offering circular
End Date
Sept. 22, 2025
The sukuk will be listed on the International Securities Market of the London Stock Exchange plc. They may only be sold in reliance on Regulation S under the amended Securities Act of 1933.
On Sept. 15, Bank AlJazira commenced the offering of USD-denominated additional Tier 1 (AT1) sukuk under its additional AT1 sukuk issuance program, Argaam data showed.
Bank AlJazira completed issuing $500 mln AT 1 sukuk
Bank AlJazira completed issuing USD-denominated additional Tier 1 (AT1) sukuk under its AT1 sukuk worth $500 million, according to a statement to Tadawul.
The issuance was executed to eligible investors in Saudi Arabia and internationally under its additional AT1 sukuk issuance program valued at $1.5 billion.
Issuance Details
Type
USD-denominated AT1 sustainable sukuk
Offering Value
$500 mln
Target Investors
Qualified investors in Saudi Arabia and overseas
Total Number of Sukuk/Bonds
2,500 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.5% annually
Maturity
Perpetual, callable after 5 years
Redemption Terms
The debt instruments may be redeemed as detailed in the offering circular
End Date
Sept. 22, 2025
The sukuk will be listed on the International Securities Market of the London Stock Exchange plc. They may only be sold in reliance on Regulation S under the amended Securities Act of 1933.
On Sept. 15, Bank AlJazira commenced the offering of USD-denominated additional Tier 1 (AT1) sukuk under its additional AT1 sukuk issuance program, Argaam data showed.
