Logo ofRiyad Bank
Riyad Bank announced the completion of the issuance of USD-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note (MTN) program. 
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Jan. 14.
Issuance Details
Type of Issuance
USD-denominated T2 capital sustainable notes under the MTN program
Offering Value
$1 billion
Total No. of bonds
5,000 (based on minimum currency denomination and total issue volume)
ParValue
$200,000
Yield
5.805% 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.
According to Argaam data, Riyad Bank announced yesterday, Jan. 7, the launch of the USD-denominated, Tier 2 capital sustainable notes to qualified investors inside and outside the Kingdom.
Logo ofRiyad Bank
Riyad Bank announced the completion of the issuance of USD-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note (MTN) program.
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Jan. 14.
Issuance Details
Type of Issuance
USD-denominated T2 capital sustainable notes under the MTN program
Offering Value
$1 billion
Total No. of bonds
5,000 (based on minimum currency denomination and total issue volume)
ParValue
$200,000
Yield
5.805% 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.
According to Argaam data, Riyad Bank announced yesterday, Jan. 7, the launch of the USD-denominated, Tier 2 capital sustainable notes to qualified investors inside and outside the Kingdom.
