AI Summary
SNB set settlement date on Jan. 22, 2026
Saudi National Bank (SNB) completed the issuance of USD-denominated additional Tier 1 capital (AT1) notes for $1 billion.
In a statement to Tadawul, the bank said the settlement of the notes will be on Jan. 22, 2026.
|
Offering Details |
|
|
Type |
USD-denominated AT1 capital notes |
|
Value |
$1 bln |
|
Total Number of Bonds |
5,000 (based on the minimum denomination and total issue size) |
|
Par Value |
$200,000 |
|
Return |
6.15% annually |
|
Maturity |
Perpetual, callable after 5.5 years |
|
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.
Be the first to comment
Comments Analysis: