AI Summary
Logo of Alinma Bank
Alinma Bank announced today, Nov. 5, the completion of the issuance of USD-denominated Tier 2 sukuk through a special purpose vehicle (SPV) at a total value of $500 million, via an offer to eligible investors in Saudi Arabia and internationally.
In a statement to Tadawul, the bank expected the sukuk issuance to be settled on Nov. 10, 2025.
Issuance details
|
Item |
Description |
|
Type of issuance |
USD-denominated Tier 2 sukuk through the Trust Certificate Issuance Program |
|
Issue size |
$500 mln |
|
Total number of sukuk |
2,500 sukuk (based on minimum denomination and total issuance size) |
|
Nominal value |
$200,000 |
|
Return |
5.792% per annum |
|
Maturity |
10 years, callable after 5.5 years |
|
Redemption conditions |
The debt instruments may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular of the AT1 issuance program |
The sukuk will be listed on the International Securities Market of the London Stock Exchange plc, the bank said.
Alinma Bank launched the issuance of USD-denominated Tier 2 sukuk through SPV via an offer to eligible investors in Saudi Arabia and internationally, data compiled by Argaam showed.
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