SNB completes $1.25B Tier 2 debt issuance

18/06/2025 Argaam
Logo ofSaudi National Bank (SNB)

Logo of Saudi National Bank (SNB)

Saudi National Bank (SNB) completed the issuance of $1.25 billion in US dollar-denominated Tier 2 capital instruments, the lender said in a statement to Tadawul today, June 18.

 

For more news on listed companies

 

The settlement date for the notes is set for June 24, the bank added.

 

The following table illustrates the details of the offering:

 

Issuance Details

Type

US dollar-denominated Tier 2 debt instruments

Value

$1.25 bln

Total Number of Bonds

6,250 (based on the minimum denomination and total issue size).

Par Value

$200,000

Return

6% annually

Maturity

10 years, callable after 5 years

Terms of Redemption

The debt instruments may be redeemed in certain cases as detailed in the offering circular
 

The notes 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 bank added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.