Banque Saudi Fransi receives over $3.2 bln orders for bonds: Report

16/11/2022 Argaam

Banque Saudi Fransi (BSF) got over $3.2 billion orders for its dollar-denominated bonds.  

 

BSF set the spread at 170 basis points (bps) over US Treasuries (UST) for five-year dollar-denominated bonds, Reuters reported today, Nov. 16, citing a bank document. 

 

The spread was tightened from initial guidance of around 195 bps over the same benchmark after orders topped $3.2 billion. 

 

The bank started today its US dollar-denominated bond issuance under its Medium-Term Note (MTN) Program, Argaam reported.

 

The notes may only be sold in reliance on Regulation S under the Securities Act of 1933, as amended.

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