Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi announced the successful completion of a $1 billion Tier 2 capital notesissuance, denominated in US dollars, under its medium-term note (MTN) program. 
For more news on listed companies
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Sept.3.
Issuance Details
Type of Issuance
US dollar-denominated Tier 2 capital notes under the MTN program
Offering Value
$1 billion
Total Number of Bonds
5,000 (based on minimum currency denomination and total issue volume)
Par Value
$200,000
Yield
5.761% per annum
Maturity
10 years, callable after 5 years
Redemption Terms
Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus of the MTN program
The debt instruments will be listed on the London Stock Exchange’s International Securities Market (ISM). It may only be sold under Regulation S of the US Securities Act of 1933, as amended.
Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi announced the successful completion of a $1 billion Tier 2 capital notesissuance, denominated in US dollars, under its medium-term note (MTN) program.
For more news on listed companies
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Sept.3.
Issuance Details
Type of Issuance
US dollar-denominated Tier 2 capital notes under the MTN program
Offering Value
$1 billion
Total Number of Bonds
5,000 (based on minimum currency denomination and total issue volume)
Par Value
$200,000
Yield
5.761% per annum
Maturity
10 years, callable after 5 years
Redemption Terms
Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus of the MTN program
The debt instruments will be listed on the London Stock Exchange’s International Securities Market (ISM). It may only be sold under Regulation S of the US Securities Act of 1933, as amended.
