Logo ofBank Albilad
Bank Albiladannounced completing the issuance of $500 million inUSdollar-denominated additional tier 1 (AT1) capital sukuk. 
In a statement published onTadawul, the bank said that settlement of the sukuk issuance will take place on Jan. 15.
Sukuk Issuance Details
Type
USD-denominated AT1 capital sukuk
Value
$500 mln
No. of sukuk
2,500 (based on minimum currency denomination and total issue volume)
Nominal Value
$200,000
Return
6.375% per annum
Maturity
Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable pricing supplement relating to the sukuk).
Redemption Terms
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed by the bank in certain cases as detailed in the base offering circular and the applicable pricing supplement relating to the sukuk.
According toArgaamdata, Bank Albilad announced on Jan. 8 the launch of aUSdollar-denominated AT1 capitalsukuk, througha private placement inside and outside Saudi Arabia, under its $2 billion AT1 capital sukuk program.
Logo ofBank Albilad
Bank Albiladannounced completing the issuance of $500 million inUSdollar-denominated additional tier 1 (AT1) capital sukuk.
In a statement published onTadawul, the bank said that settlement of the sukuk issuance will take place on Jan. 15.
Sukuk Issuance Details
Type
USD-denominated AT1 capital sukuk
Value
$500 mln
No. of sukuk
2,500 (based on minimum currency denomination and total issue volume)
Nominal Value
$200,000
Return
6.375% per annum
Maturity
Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable pricing supplement relating to the sukuk).
Redemption Terms
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed by the bank in certain cases as detailed in the base offering circular and the applicable pricing supplement relating to the sukuk.
According toArgaamdata, Bank Albilad announced on Jan. 8 the launch of aUSdollar-denominated AT1 capitalsukuk, througha private placement inside and outside Saudi Arabia, under its $2 billion AT1 capital sukuk program.
