19659001 SNB finishes $850M USD-denominated sukuk issuance 19659002 Logo design of Saudi National Bank 19659003 Saudi National Bank ( 19459005 SNB finished the issuance of $850 million worth of United States dollar-denominated senior unsecured sukuk. The overall variety of sukuk reached 4,250 with an approximated return of 5.129 per year, the bank stated in a declaration to 19459007 Tadawul The settlement of sukuk issuance will be on Feb. 27. Below are the information of the Sukuk issuance: 19659007 Sukuk Issuance Details 19659008 Issuance Type United States dollar-denominated senior-unsecured sukuk 19659010 Deal Worth 19659012 $850 million Start Date of Offering Feb. 20, 2024 19659015 End Date of Offering Feb. 21, 2024 19659017 Targeted Investors 19659018 Certified financiers within and outside Saudi Arabia 19659019 Lead Managers & & Bookrunners Emirates NBD, Dubai Islamic Bank, Goldman Sachs International, HSBC Bank, Mizuho International, SNB Capital and Standard Chartered 19659021 Minimum Subscription 19659022 $200,000, with increments of $1,000 No. of Sukuk 19659024 4,250 based upon the minimum denomination and overall concern size 19659025 Par Value $200,000 Return 5.129 every year Maturity Period 19659030 5 19659031 years Redemption Conditions Sukuk might be redeemed before the set up maturity date under specific conditions as detailed in the offering circular. Learn more 19459006
SNB completes $850M USD-denominated sukuk issuance
