Logo of Banque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) started issuing its US dollar denominated Sukuk under its Trust Certificate Issuance Program.
In a statement to Tadawul, BSF said the value and terms of the certificates will be determined subject to the market conditions.
|
Sukuk Details |
|
|
Type of Issuance |
US dollar denominated Sukuk under its Trust Certificate Issuance Program |
|
Amount of Issuance |
Subject to market conditions |
|
Start Date |
May 23, 2023 |
|
Closing Date |
May 24, 2023 |
|
Target Group |
Qualified Investors inside and outside the Kingdom |
|
Minimum Subscription |
$200,000 and integral multiples of $1,000 in excess thereof |
|
Listing Price |
Subject to market conditions |
|
Par Value |
$200,000 |
|
Return |
Subject to market conditions |
|
Maturity |
Five years |
|
Terms of Redemption |
May be redeemed early subject to the terms and conditions of the Sukuk |
|
Underwriters |
Citigroup Global Markets Limited, First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, Mizuho International plc and Saudi Fransi Capital as joint lead managers |
This announcement does not represent an invitation or an offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the issuance.
BSF will announce any other relevant material developments in due course.
Sukuk will be listed on the International Securities Market of the London Stock Exchange (LSE).
Sukuk may only be sold by virtue of Regulation S under the Securities Act of 1933, as amended.
The issuance end date, which is mentioned above, is the expected date for the issuance end, subject to market conditions.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}