AI Summary
Logo of Saudi National Bank (SNB)
The Saudi National Bank (SNB) announced launching a USD-denominated additional Tier 1 capital (AT1) notes offering.
In a statement to Tadawul, the bank said the final issuance value and terms will be determined based on market conditions.
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Offering details |
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Type |
USD-denominated AT1 capital notes |
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Value |
Based on market conditions |
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Start Date |
Jan. 15, 2026 |
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End Date |
Jan. 16, 2026 |
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Eligible Investors |
Local and international qualified investors |
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Joint Lead Managers & Bookrunners |
Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, Emirates NBD Bank, Goldman Sachs International, HSBC Bank plc, Mashreqbank, SNB Capital, and Standard Chartered Bank |
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Minimum Subscription Limit |
$200,000 (increments of $1,000) |
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Issue 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 |
Perpetual, callable after 5.5 years |
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Redemption Terms |
The debt instruments may be redeemed in certain cases, as detailed in the offering circular of the AT1 issuance program |
SNB stated that the notes will be listed on the London Stock Exchange's International Securities Market (ISM) and offered under Regulation S of the US Securities Act of 1933, as amended.
The bank added that the stated closing date is indicative and subject to market conditions.
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