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Logo of Alinma Bank
Alinma Bank commenced the issuance of US dollar-denominated sustainable additional Tier 1 (AT-1) sukuk, the bank said in a statement on Tadawul.
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The offering, which comes as part of the bank's Additional Tier 1 Capital Certificate Issuance Program, starts today, May 20, and continues until May 23.
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Sukuk Issuance Details |
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Offer Type |
USD-denominated sustainable AT-1 sukuk |
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Offer Value |
To be determined as per market conditions. |
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Start Date |
May 20, 2025 |
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End Date |
May 23, 2025 |
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Target Class |
Qualified investors locally and internationally. |
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Lead Manager |
Abu Dhabi Islamic Bank, Alinma Capital, Emirates NBD, Goldman Sachs, JP Morgan Securities and Standard Chartered as joint lead managers. |
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Minimum Subscription Limit |
$200,000 with increments in multiples of $1,000. |
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Offer Price |
Subject to market conditions |
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Par Value |
$200,000 |
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Sukuk Return |
Subject to market conditions |
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Maturity |
Perpetual, callable after 5.5 years |
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Terms of Redemption |
The bank may redeem them in certain cases as detailed in the offering document related to the Additional Tier 1 Capital Certificate Issuance Program. |
The certificates will be listed on the International Securities Market of the London Stock Exchange and may only be sold in accordance with (Regulation S) of the US Securities Act of 1933, as amended, the statement added.
The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions, the bank further indicated.
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