SNB set settlement date on Jan. 22, 2026
Saudi National Bank (SNB) completed the issuance of USD-denominated additional Tier 1 capital (AT1) notes for $1 billion. 
In a statement to Tadawul, the bank said the settlement of the notes will be on Jan. 22, 2026.
Offering Details
Type
USD-denominated AT1 capital notes
Value
$1 bln
Total Number of Bonds
5,000 (based on the minimum denomination and total issue size)
Par Value
$200,000
Return
6.15% annually
Maturity
Perpetual, callable after 5.5 years
Redemption Terms
The debt instruments may be redeemed in certain cases, as detailed in the offering circular of the AT1 issuance program
SNB stated that the notes will be listed on the London Stock Exchange’s International Securities Market (ISM) and offered under Regulation S of the US Securities Act of 1933, as amended.
SNB set settlement date on Jan. 22, 2026
Saudi National Bank (SNB) completed the issuance of USD-denominated additional Tier 1 capital (AT1) notes for $1 billion.
In a statement to Tadawul, the bank said the settlement of the notes will be on Jan. 22, 2026.
Offering Details
Type
USD-denominated AT1 capital notes
Value
$1 bln
Total Number of Bonds
5,000 (based on the minimum denomination and total issue size)
Par Value
$200,000
Return
6.15% annually
Maturity
Perpetual, callable after 5.5 years
Redemption Terms
The debt instruments may be redeemed in certain cases, as detailed in the offering circular of the AT1 issuance program
SNB stated that the notes will be listed on the London Stock Exchange’s International Securities Market (ISM) and offered under Regulation S of the US Securities Act of 1933, as amended.
