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Bank AlJazira said value and term of sukuk offer will be decided on market conditions
Bank AlJazira announced the start of issuing USD-denominated additional Tier 1 (AT1) capital sukuk under its AT1 capital sukuk issuance program.
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In a statement to Tadawul, the bank said the value as well as the terms of the sukuk offer will be determined at a later stage based on market conditions.
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Issuance Details |
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Type |
USD-denominated, AT1 capital sukuk |
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Offering Value |
Subject to market conditions |
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Start Date |
Sept. 15, 2025 |
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End Date |
Sept. 16, 2025 |
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Target Investors |
Eligible investors in Saudi Arabia and internationally |
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Issuance Manager |
AlJazira Capital, Citigroup Global Markets, Dubai Islamic Bank, Emirates NBD, J.P. Morgan Securities, Mashreqbank and Standard Chartered as joint lead managers & bookrunners |
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Minimum Subscription Value |
$200,000 with integral multiples of $1,000 in excess thereof |
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Offering price |
Subject to market conditions |
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Nominal Value |
$200,000 |
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Return |
Subject to market conditions |
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Maturity |
Perpetual, callable after five years |
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Terms of Redemption |
The certificates may be redeemed in certain cases as detailed in the base offering circular. |
The bank added that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the certificates. The bank will announce any other relevant material developments in due course as required by the relevant laws and regulations.
The certificates will be listed on the London Stock Exchange's International Securities Market and may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended, the statement said.
Meanwhile, Bank AlJazira noted that the offering end date referred to above is the expected date of the end of the offering, and is subject to market conditions.
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