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Riyad Bank started today, Sept. 8, the offer of SAR-denominated Additional Tier 1 capital sukuk, as shown in the following table:

 

Sukuk Details

Issuance type

SAR-denominated Additional Tier 1 capital sukuk

Amount

The value and terms of offer will be determined subject to market conditions

Start date

Sept. 8, 2022

End date

Dec. 31, 2022

Target group

Institutional and qualified investors (based on Article 8/A/1 of the Rules on the Offer of Securities and Continuing Obligations)

Lead Manager and Bookrunner

Riyad Capital

Minimum subscription

SAR 250,000

Offer price

It will be determined based on market conditions

Par value

SAR 250,000

Return

It will be determined based on market conditions

Maturity

None

Redemption

The bank may redeem sukuk in specific cases as shown in the offer document

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