Riyad Bank starts issuance of USD-denominated T2 trust certificates

Logo of Riyad Bank

Riyad Bank  started today, July 7, the issuance of USD-denominated Tier 2 (T2) trust certificates under its international trust certificate issuance program.

 

 

The offering will end on July 8, the bank said in a statement to Tadawul.

 

 Below are the details of the offering. 

 

Issuance Details

Type

US dollar-denominated Tier 2 trust certificates

Value

The final issuance value and offering terms will be determined based on market conditions.

Start of Issuance

July 7, 2025

End of Issuance

July 8, 2025

Target Investors

Qualified investors inside and outside Saudi Arabia

Issuance Manager

DBS Bank, HSBC Bank, J.P. Morgan Securities, Merrill Lynch International, Mizuho International, Riyad Capital, SMBC Bank International and Standard Chartered Bank are joint lead managers.

Minimum Subscription Value

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

Offering Price

Subject to market conditions

Par Value

$200,000

Return

Subject to market conditions

Maturity

10 years, callable after 5 years

Terms of Redemption

The trust certificates may be redeemed in certain cases as detailed in the base offering circular in relation to the trust certificates
 

The statement emphasized that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities.

 

Riyad Bank will disclose any material developments in due course.

 

The trust certificates will be listed on the London Stock Exchange's International Securities Market. It may be sold under Regulation S of the US Securities Act of 1933, as amended.

 

The expected offering end date is subject to market conditions.

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