Alinma Bank completes $500M Tier 2 sukuk issuance

Logo of Alinma Bank

Alinma Bank announced today, Nov. 5, the completion of the issuance of USD-denominated Tier 2 sukuk through a special purpose vehicle (SPV) at a total value of $500 million, via an offer to eligible investors in Saudi Arabia and internationally.

 

In a statement to Tadawul, the bank expected the sukuk issuance to be settled on Nov. 10, 2025.

 

Issuance details

Item

Description

Type of issuance

USD-denominated Tier 2 sukuk through the Trust Certificate Issuance Program

Issue size

$500 mln

Total number of sukuk

2,500 sukuk (based on minimum denomination and total issuance size)

Nominal value

$200,000

Return

5.792% per annum

Maturity

10 years, callable after 5.5 years

Redemption conditions

The debt instruments may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular of the AT1 issuance program

 

The sukuk will be listed on the International Securities Market of the London Stock Exchange plc, the bank said.

 

Alinma Bank launched the issuance of USD-denominated Tier 2 sukuk through SPV via an offer to eligible investors in Saudi Arabia and internationally, data compiled by Argaam showed.

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