AI Summary
Logo of Alinma Bank
The value and terms of the offer will be determined subject to market conditions, it added.
|
Item |
Details |
|
Type |
USD-denominated Tier 2 sukuk through the Trust Certificate Issuance Program |
|
Value |
Based on market conditions |
|
Start Date |
Nov. 4, 2025 |
|
End Date |
Nov. 5, 2025 |
|
Eligible Investors |
Local and international qualified investors |
|
Joint Lead Managers |
Alinma Capital, ASB Capital Ltd, Citigroup Global Markets Ltd, DBS Bank Ltd, Goldman Sachs International, J.P. Morgan Securities plc and Standard Chartered Bank |
|
Minimum Subscription Limit |
$200,000, with increments of $1,000 |
|
Issue Price |
To be determined based on market conditions |
|
Par Value |
$200,000 |
|
Return |
To be determined based on market conditions |
|
Maturity |
10 years, callable after 5 years |
|
Redemption Terms |
The sukuk may be redeemed under certain circumstances as detailed in the sukuk offering document |
The sukuk will be listed on the International Securities Market of the London Stock Exchange plc, the bank said, adding that the sukuk may only be sold as per Regulation S under the Securities Act of 1933, as amended.
The abovementioned closing date is indicative and subject to market conditions.
According to Argaam data, the bank announced on Nov. 3 plans to issue US dollar-denominated Tier 2 sukuk, through the Trust Certificate Issuance Program, for general banking purposes.
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