BSF completes $700M sukuk issue

BSF completes $700M USD-denominated sukuk issue

Logo of Banque Saudi Fransi (BSF)

Banque Saudi Fransi (BSF) completed the issue of US dollar-denominated sukuk, valued at $700 million, offered to qualified investors inside and outside Saudi Arabia.

The total number of sukuk reached 3,500 (based on the minimum denomination and total issue size), with a nominal value of $200,000, and a return of 5% per year per certificate, bank said in a statement to Tadawul.

The maturity period is five years. The sukuk can be redeemed earlier in certain cases as detailed in the base offering circular.

The certificates will be listed on the London Stock Exchange. They may only be sold in reliance on Regulation S under the US Securities Act of 1933, as amended, the statement noted.

Details of Sukuk Issuance
Issuance Type	US dollar-denominated sukuk under the Trust Certificate Issuance Program
Offering Amount	$700 mln
No. of Sukuk	3,500
Par Value	$200,000
Return	5% per annum
Maturity Period	5 years
Redemption Conditions	Sukuk can be redeemed before the scheduled maturity date under certain conditions detailed in the primary offering circular and the Trust Certificate Issuance Program.

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us