AI Summary
Bank Albilad headquarters
Bank Albilad completed the issuance of a US dollar-denominated additional Tier 1 sukuk issuance.
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Details |
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Offer Type |
US dollar-denominated additional Tier 1 green sukuk
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Offer Value |
$650 mln |
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Total No. of Sukuk |
3,250 (based on minimum denomination and total issue size) |
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Nominal Value |
$200,000 |
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Return |
6.50% annually |
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Maturity |
Perpetual (without a fixed or final redemption date) |
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Terms of Redemption |
May be subject to early redemption under certain circumstances, as detailed in the base prospectus, the supplementary prospectus, and the applicable final terms of the sukuk. |
The sukuk will be settled on May 22, 2025, the bank said in a statement to Tadawul.
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