Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) started today, April 30, the issuance of US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme. 
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The issuance will be offered to qualified investors both domestically and internationally, BSF said in a statement to Tadawul.
Details
Offer Type
USD-denominated AT1 capital sukuk under Additional Tier 1 Capital Note Programme
Issuance Value
Based on market conditions
Start Date
April 30, 2025
End Date
May 1, 2025
Target Category
Qualified investors inside and outside Saudi Arabia
Management Entities
Abu Dhabi Commercial Bank, Citigroup, Crédit Agricole, Emirates NBD, HSBC, Mashreqbank, Merrill Lynch Saudi Arabia, Mizuho International, MUFG Securities EMEA andBSFCapital were appointed as joint lead managers
Minimum Limit
$200,000, with increments of $1,000
Offer Price
Based on market conditions
Nominal Value
$200,000
Return
Based on market conditions
Maturity Period
Perpetual sukuk, may be redeemed after 6 years
Redemption Terms
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular
The bank recently announced its plans to issue US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme, Argaam reported.
Logo ofBanque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) started today, April 30, the issuance of US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme.
For more news on listed companies
The issuance will be offered to qualified investors both domestically and internationally, BSF said in a statement to Tadawul.
Details
Offer Type
USD-denominated AT1 capital sukuk under Additional Tier 1 Capital Note Programme
Issuance Value
Based on market conditions
Start Date
April 30, 2025
End Date
May 1, 2025
Target Category
Qualified investors inside and outside Saudi Arabia
Management Entities
Abu Dhabi Commercial Bank, Citigroup, Crédit Agricole, Emirates NBD, HSBC, Mashreqbank, Merrill Lynch Saudi Arabia, Mizuho International, MUFG Securities EMEA andBSFCapital were appointed as joint lead managers
Minimum Limit
$200,000, with increments of $1,000
Offer Price
Based on market conditions
Nominal Value
$200,000
Return
Based on market conditions
Maturity Period
Perpetual sukuk, may be redeemed after 6 years
Redemption Terms
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular
The bank recently announced its plans to issue US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme, Argaam reported.
