Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) completed the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 2.5 billion. 
The sukuk is perpetual, with no specified maturity (subject to early redemption on a call date or as otherwise specified in the terms and conditions), the bank added.
Offering Summary
Issue Type
Additional Tier 1 sukuk denominated in Saudi Arabian Riyals under the SAR 8 billion Additional Tier 1 Capital Sukuk Program.
Offer Value
SAR 2.5 bln
Total Number of Sukuk
2,500 based on the minimum denomination and total issue size.
Par Value
SAR mln
Return
6.4% annually
Maturity
Perpetual, no specified maturity (subject to early redemption on a call date or as otherwise specified in the terms and conditions).
Terms of Redemption
The sukuk may be redeemed early due to a capital event, tax event or at the option of the bank as described in the applicable final terms of the sukuk.
The bank also noted that this announcement is not considered an invitation or offer for the purchase, ownership or subscription to any securities.
Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) completed the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 2.5 billion.
The sukuk is perpetual, with no specified maturity (subject to early redemption on a call date or as otherwise specified in the terms and conditions), the bank added.
Offering Summary
Issue Type
Additional Tier 1 sukuk denominated in Saudi Arabian Riyals under the SAR 8 billion Additional Tier 1 Capital Sukuk Program.
Offer Value
SAR 2.5 bln
Total Number of Sukuk
2,500 based on the minimum denomination and total issue size.
Par Value
SAR mln
Return
6.4% annually
Maturity
Perpetual, no specified maturity (subject to early redemption on a call date or as otherwise specified in the terms and conditions).
Terms of Redemption
The sukuk may be redeemed early due to a capital event, tax event or at the option of the bank as described in the applicable final terms of the sukuk.
The bank also noted that this announcement is not considered an invitation or offer for the purchase, ownership or subscription to any securities.
