Riyad Bank plans USD-denominated T2 trust certificates

09:04 AM (Mecca time) Argaam
Logo ofRiyad Bank

Logo of Riyad Bank

Riyad Bank announced plans to issue USD-denominated, tier 2 trust certificates under its international trust certificate issuance program, updated on May 16, 2025, and based on its board of directors’ resolution dated Aug. 9, 2024, according to a statement to Tadawul.

 

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The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in Saudi Arabia and internationally.

 

The bank mandated Standard Chartered, HSBC, Merrill Lynch, J.P. Morgan Securities, SMBC Group, Mizuho International, DBS Bank, and Riyad Capital as joint lead managers in relation to the proposed offer.

 

The amount and terms of the issuance will be determined based on market conditions. Proceeds from the offering are intended to be used in general banking purposes.

 

The offering remains subject to regulatory approvals and will be conducted in accordance with applicable laws and regulations.

 

The bank will announce any other relevant material developments in due course as required by the relevant rules and regulations, the statement added.

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