Al Rajhi Bank Tower
Al Rajhi Bank completed its $1.5 billion worth of USD-denominated additional Tier 1 sustainable sukuk issuance under its international additional Tier 1 sukuk program. 
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The sukuk will be settled on Jan. 21, the bank said in a statement to Tadawul.
Details
Offer Type
USD-denominated additional Tier 1 sustainable sukuk
Issuance Value
$1.5B
Total Number of Sukuk
7,500
Nominal Value
$200,000
Return
6.25%
Maturity Period
Perpetual sukuk, may be redeemed after 5 years
Redemption Terms
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular
The sukuk will be listed on the London Stock Exchange’s International Securities Market (ISM).
The sale of the sukuk is permissible only in accordance with Regulation S of the US Securities Act of 1933, as amended.
According to data available on Argaam, the bank started yesterday, Jan. 14, the offer of USD-denominated additional tier 1 capital sustainable sukuk.
Al Rajhi Bank Tower
Al Rajhi Bank completed its $1.5 billion worth of USD-denominated additional Tier 1 sustainable sukuk issuance under its international additional Tier 1 sukuk program.
For more news on listed companies
The sukuk will be settled on Jan. 21, the bank said in a statement to Tadawul.
Details
Offer Type
USD-denominated additional Tier 1 sustainable sukuk
Issuance Value
$1.5B
Total Number of Sukuk
7,500
Nominal Value
$200,000
Return
6.25%
Maturity Period
Perpetual sukuk, may be redeemed after 5 years
Redemption Terms
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular
The sukuk will be listed on the London Stock Exchange’s International Securities Market (ISM).
The sale of the sukuk is permissible only in accordance with Regulation S of the US Securities Act of 1933, as amended.
According to data available on Argaam, the bank started yesterday, Jan. 14, the offer of USD-denominated additional tier 1 capital sustainable sukuk.
