AI Summary
SAB logo pictured, as it starts issuance of USD-denominated Tier 2 capital notes under its Medium-Term Note Program
Saudi Awwal Bank (SAB) starts today, Aug. 27, the issuance of USD-denominated Tier 2 capital green notes under its medium-term note program, as of today.
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Issuance Details |
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Type |
US dollar-denominated Tier 2 capital green notes under the medium-term note program |
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Offering Amount |
Subject to market conditions |
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Start Date |
Aug. 27, 2025 |
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End Date |
Aug. 28, 2025 |
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Target Investors |
Qualified investors locally and overseas |
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Issuance Manager |
The bank has appointed HSBC Bank, Goldman Sachs International, Abu Dhabi Commercial Bank (ADCB), Citigroup Global Markets Limited, DBS Bank Ltd, Emirates NBD PJSC, Mashreq Bank PSC, Mizuho International PLC, and Société Générale, as joint bookrunners for the notes offering and issuance. |
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Minimum Subscription Value |
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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, refundable 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). The Sukuk will be offered, sold, and delivered outside the US only and in foreign transactions to non-US persons pursuant to Regulation S of the US Securities Act of 1933, as amended.
The expected aforementioned offering end date is subject to market conditions.
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