AI Summary
BSF logo pictured, as it starts issuance of USD-denominated Tier 2 capital notes under its Medium-Term Note Program
Banque Saudi Fransi (BSF) starts today, Aug. 26 the issuance of USD-denominated Tier 2 capital notes under its medium-term note program.
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Issuance Details |
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Type |
US dollar-denominated Tier 2 capital notes under the medium-term note program |
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Offering Amount |
Subject to market conditions |
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Start Date |
Aug. 26, 2025 |
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End Date |
Aug. 27, 2025 |
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Target Investors |
Qualified investors locally and overseas |
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Issuance Manager |
Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd, DBS Bank Ltd, Emirates NBD Bank PJSC, HSBC Bank PLC, Mashreq Bank PSC, Mizuho International plc and BSF Capital. |
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Minimum Subscription Value |
$200,000 with increments of $1,000 in excess thereof |
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Offering price |
Subject to Market Conditions |
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Nominal Value |
$200,000 |
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Return |
Subject to Market Conditions |
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Maturity |
10 years, callable after 5 years |
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Terms of Redemption |
The debt instruments may be redeemed prior to the scheduled record date in certain cases as detailed in the offering circular |
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The debt instruments will be listed on the London Stock Exchange's International Securities Market (ISM). It may only be sold under Regulation S of the US Securities Act of 1933, as amended.
The expected aforementioned offering end date is subject to market conditions.
According to Argaam data, the bank announced yesterday its intention to issue US dollar-denominated Tier 2 capital bonds under its medium-term note program.
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