ANB issues $750 mln AT1 sukuk
Arab National Bank (ANB)completed the issuance of its USD-denominatedsustainable additional Tier 1 (AT1) sukuk offering for $750 million. 
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In a statement onTadawul, the bank said the settlement of the notes is expected to take place on Sept. 9.
Issuance Details
Type
USD-denominated sustainable AT1 sukuk
Value
$750 mln
Number of Bonds
3,750 (based on minimum currency denomination and total issue volume)
Par Value
$200,000
Yield
6.4% per annum
Maturity
Sustainable, callable after 5 years
Redemption Terms
Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus
ANB launched the USD-denominated sustainable AT1 sukuk offer on Sept. 2, data compiled by Argaam showed.
ANB issues $750 mln AT1 sukuk
Arab National Bank (ANB)completed the issuance of its USD-denominatedsustainable additional Tier 1 (AT1) sukuk offering for $750 million.
For more news on listed companies
In a statement onTadawul, the bank said the settlement of the notes is expected to take place on Sept. 9.
Issuance Details
Type
USD-denominated sustainable AT1 sukuk
Value
$750 mln
Number of Bonds
3,750 (based on minimum currency denomination and total issue volume)
Par Value
$200,000
Yield
6.4% per annum
Maturity
Sustainable, callable after 5 years
Redemption Terms
Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus
ANB launched the USD-denominated sustainable AT1 sukuk offer on Sept. 2, data compiled by Argaam showed.
