‎Riyad Bank completes SAR 10B sukuk offering with 2.7x coverage

‎Riyad Bank completes SAR 10B sukuk offering with 2.7x coverage ‎Riyad Bank completes SAR 10B sukuk offering with 2.7x coverage

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Riyad Bank said that total subscription orders amounted to SAR 13.59 billion
Riyad Bank completed the offering of SAR-denominated Additional Tier 1 Capital Sukuk, after increasing the issue size to SAR 10 billion from an initial SAR 5 billion.
The bank said in a statement on Tadawul that total subscription orders amounted to SAR 13.59 billion, with a coverage of more than 2.7 times.

 

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Riyad Bank said that total subscription orders amounted to SAR 13.59 billion
Riyad Bank completed the offering of SAR-denominated Additional Tier 1 Capital Sukuk, after increasing the issue size to SAR 10 billion from an initial SAR 5 billion.
The bank said in a statement on Tadawul that total subscription orders amounted to SAR 13.59 billion, with a coverage of more than 2.7 times.
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