SNB completes issue of $1B AT1 notes

SNB set settlement date on Jan. 22, 2026

Saudi National Bank (SNB) completed the issuance of USD-denominated additional Tier 1 capital (AT1) notes for $1 billion.

 

In a statement to Tadawul, the bank said the settlement of the notes will be on Jan. 22, 2026.

 

Offering Details

Type

USD-denominated AT1 capital notes

Value

$1 bln

Total Number of Bonds

5,000 (based on the minimum denomination and total issue size)

Par Value

$200,000

Return

6.15% annually

Maturity

Perpetual, callable after 5.5 years

Redemption Terms

The debt instruments may be redeemed in certain cases, as detailed in the offering circular of the AT1 issuance program

 

SNB stated that the notes will be listed on the London Stock Exchange's International Securities Market (ISM) and offered under Regulation S of the US Securities Act of 1933, as amended.

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