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Saudi National Bank (SNB) Tower
Saudi National Bank (SNB) commenced the issuance of SAR-denominated additional Tier 1 sukuk, the lender said in a statement on Tadawul.
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The value and term of offer will be determined subject to the market conditions, it added.
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Sukuk Issuance Details |
|
|
Offer Type |
SAR-denominated additional Tier 1 Sukuk |
|
Offer Value |
To be determined as per market conditions |
|
Start Date |
May 11, 2025 |
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End Date |
Dec. 31, 2025 |
|
Target Class |
Institutional and qualified clients as defined by the Capital Market Authority |
|
Manager |
SNB Capital as sole lead manager, bookrunner, and lead arranger. |
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Minimum Subscription Limit |
SAR 1 mln |
|
Offer Price |
Subject to market conditions |
|
Par Value |
SAR 1 mln per Sak |
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Sukuk Return |
Subject to market conditions |
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Maturity |
Perpetual subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk |
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Terms of Redemption |
May be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk. |
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