AI Summary
Riyad Bank to list the notes on LSE’s International Securities Market
Riyad Bank started the issuance of USD-denominated, Tier 2 capital sustainable notes under its medium-term note program, according to a statement to Tadawul.
The amount and terms of the offer will be determined subject to market conditions.
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Details |
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Offer Type |
USD-denominated, Tier 2 capital sustainable notes |
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Value |
The amount and terms of the offer will be determined subject to market conditions |
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Start Date |
Jan. 7, 2026 |
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End Date |
Jan. 8, 2026 |
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Target Investors |
Eligible investors locally and internationally |
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Offer Managers |
First Abu Dhabi Bank PJSC, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), DBS Bank Ltd, Emirates NBD Capital, HSBC Bank plc, Merrill Lynch Kingdom of Saudi Arabia, Mizuho International plc, Riyad Capital, SMBC Bank International plc and Standard Chartered Bank are joint lead managers |
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Minimum Subscription |
$200,000 and in increments of $1,000 |
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Offer Price |
Subject to market conditions |
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Par Value |
$200,000 |
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Return |
Subject to market conditions |
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Maturity |
10 years, callable after 5 years. |
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Terms of Redemption |
The notes may be redeemed in certain cases as detailed in the offering circular |
The capital sustainable notes will be listed on the London Stock Exchange's International Securities Market. They may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.
The offer end date referred to above is the expected date of the end of the offer, subject to market conditions.
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