AI Summary
SAB logo pictured, as it completed issuance of $1.25 billion Tier 2 capital notes under its Medium-Term Note Program
Saudi Awwal Bank (SAB) announced today, Aug. 28, completing the issuance of USD-denominated Tier 2 capital green notes under its medium-term note program.
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In a statement on Tadawul, the bank said the total value of the offer amounted to $1.25 billion, with an annual yield of 5.947%.
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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 |
$1.25 bln |
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Target Investors |
Qualified investors locally and overseas |
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Total Number of Bonds |
6,250 (based on the minimum denomination and total issue size) |
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Nominal Value |
$200,000 |
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Return |
5.947% annually |
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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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Settlement Date |
Sept. 4, 2025 |
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