Logo of Alinma Bank
Alinma Bank announced today, Feb. 29, the completion of its dollar-denominated Additional Tier 1 (AT1) capital certificates issuance, as follows:
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Offer Details |
|
|
Item |
Details |
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Offer Type |
Dollar-denominated AT1 capital certificates |
|
Issuance Value |
$1 bln |
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Total Number (Sukuk/Bonds) |
5,000 (based on the minimum denomination and total issue size) |
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Nominal Value (Sukuk/Bond) |
$200,000 |
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Return (Sukuk/Bond) |
6.5% annually |
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Maturity Period |
Perpetual, callable after 5 years |
|
Redemption Terms |
Certificates may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Offering Circular dated Feb. 26. |
The Additional Tier 1 capital certificates will be listed on the International Securities Market of the London Stock Exchange. The certificates may only be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.
According to data available on Argaam, Alinma Bank commenced, on Feb. 28, the offer of dollar-denominated Additional Tier 1 (AT1) capital certificates. The number and terms of the AT1 certificates were to be set according to market conditions.
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