Logo of The Saudi Investment Bank (SAIB)

The Saudi Investment Bank (SAIB) completed the issuance of Tier 1 sukuk worth SAR 2 billion, the bank said in a bourse statement.

 

The sukuk issuance will be settled on June 29, as shown in the following table:

 

Sukuk Issue Highlights

Issue type

SAR-denominated, Tier I sukuk

Issue size

SAR 2 bln

Total number of sukuk

2,000 (based on the minimum denomination and total issue size)

Nominal value

SAR 1 mln

Sukuk returns

A fixed rate of 6.0% annually, payable semi-annually from the issue date to (but excluding) June 29, 2027 (Reset Date). The return rate shall thereafter reset on the Reset Date

Maturity period

Perpetual, with some redemption rights subject to the terms and conditions of the certificates

Terms of redemption

The sukuk may be redeemed by SAIB in certain cases as detailed in the offering circular.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.

Related News

SAIB starts issuance of SAR-denominated Tier 1 sukuk
SAIB plans to issue SAR 2 bln Tier 1 sukuk

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request