Banque Saudi Fransi (BSF) said it completed the issuance of SAR-denominated additional Tier 1 Sukuk at SAR 5 billion.

 

The lender issued sukuk by way of private placement with an annual return of 4.5% from (and including) the issue date up to (but excluding) Nov. 3, 2025. The return rate will then be reset on Nov. 3, 2025, and every five years.

 

The Sukuk may be redeemed early due to a capital event, tax event or at the option of the bank as described in the issuance terms and conditions.

 

The bank mandated Saudi Fransi Capital as sole bookrunner, lead arranger and manager for the private placement.

 

Sukuk Details

Issuance amount

SAR 5 bln

Number of sukuk

5,000 (based on the minimum denomination and total issue size)

Par Value (Bonds/Sukuk)

SAR 1 mln

Return

4.5% per annum from (and including) the issue date up to (but excluding) Nov. 3, 2025. The rate of return will be reset on Nov. 3, 2025, and every five years thereafter.

Maturity

Perpetual

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Banque Saudi Fransi commences issuance of SAR-denominated additional Tier 1 sukuk

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