Logo ofRiyad Bank
Riyad Bankcompleted today, July 8, the issuance of USD-denominated Tier 2 (T2) trust certificates under its international trust certificate issuance program, at a total value of $1.25 billion.
The trust certificates will be settled on July 14, 2025.
Below are the details of the offering.
Issuance Details
Type
US dollar-denominated Tier 2 trust certificates
Value
$1.25 billion
Number of Certificates
6,250 (based on the minimum denomination and total issue size).
Nominal Value
$200,000
Return
6.209% (per annum)
Maturity
10 years, callable after 5 years
Terms of Redemption
The trust certificates may be redeemed in certain cases as detailed in the base offering circular in relation to the trust certificates
The trust certificates will be listed on the London Stock Exchange’s International Securities Market. It may be sold under Regulation S of the US Securities Act of 1933, as amended.
Logo ofRiyad Bank
Riyad Bankcompleted today, July 8, the issuance of USD-denominated Tier 2 (T2) trust certificates under its international trust certificate issuance program, at a total value of $1.25 billion.
The trust certificates will be settled on July 14, 2025.
Below are the details of the offering.
Issuance Details
Type
US dollar-denominated Tier 2 trust certificates
Value
$1.25 billion
Number of Certificates
6,250 (based on the minimum denomination and total issue size).
Nominal Value
$200,000
Return
6.209% (per annum)
Maturity
10 years, callable after 5 years
Terms of Redemption
The trust certificates may be redeemed in certain cases as detailed in the base offering circular in relation to the trust certificates
The trust certificates will be listed on the London Stock Exchange’s International Securities Market. It may be sold under Regulation S of the US Securities Act of 1933, as amended.