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Banque Saudi Fransi (BSF) set payment date on Nov. 3, 2025
Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value.
In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying as additional Tier 1 capital in accordance with the Saudi Central Bank (SAMA) regulations.
BSF decided to redeem the sukuk, at the first contractual call date (Nov. 3, 2020), where the face value of the sukuk and any periodic dividends payable (for the period ending, but excluding Nov. 3, 2025), will be transferred to sukuk holders on the same date based on their respective holdings on Oct. 19, 2025.
The bank obtained the required regulatory approval in this regard.
|
Sukuk Details |
|
|
Type |
SAR-denominated additional Tier 1 sukuk |
|
Value |
SAR 5 bln |
|
Redemption Ratio |
100 % |
|
No. of Redeemed Sukuk |
5,000 |
|
Issuance Date |
Nov. 3, 2020 |
|
Trading End Date |
Nov. 3, 2025 |
|
Nominal Value at Redemption |
SAR 1 mln/sak |
|
Payment Date |
Nov. 3, 2025 |
Saudi Fransi Capital, in its capacity as payment administrator and sukuk holders' agent, will be responsible for depositing the amounts into sukuk holders accounts, the statement added.
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