SAB starts issuance of USD-denominated Tier 2 capital green notes

SAB logo pictured, as it starts issuance of USD-denominated Tier 2 capital notes under its Medium-Term Note Program

Saudi Awwal Bank (SAB) starts today, Aug. 27, the issuance of USD-denominated Tier 2 capital green notes under its medium-term note program, as of today.

 

Issuance Details

Type

US dollar-denominated Tier 2 capital green notes under the medium-term note program

Offering Amount

Subject to market conditions

Start Date

Aug. 27, 2025

End Date

Aug. 28, 2025

Target Investors

Qualified investors locally and overseas

Issuance Manager

The bank has appointed HSBC Bank, Goldman Sachs International, Abu Dhabi Commercial Bank (ADCB), Citigroup Global Markets Limited, DBS Bank Ltd, Emirates NBD PJSC, Mashreq Bank PSC, Mizuho International PLC, and Société Générale, as joint bookrunners for the notes offering and issuance.

Minimum Subscription Value


$200,000 with increments of $1,000 in excess thereof

Offering price

Subject to Market Conditions

Nominal Value

$200,000

Return

Subject to Market Conditions

Maturity

10 years, refundable after 5 years

Terms of Redemption

The debt instruments may be redeemed prior to the scheduled record date in certain cases as detailed in the offering circular
 

 For more news on listed companies

 

The debt instruments will be listed on the London Stock Exchange's International Securities Market (ISM). The Sukuk will be offered, sold, and delivered outside the US only and in foreign transactions to non-US persons pursuant to Regulation S of the US Securities Act of 1933, as amended.

 

The expected aforementioned offering end date is subject to market conditions.

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