Banque Saudi Fransi (BSF) headquarter
Banque Saudi Fransi (BSF) completed issuing a SAR-denominated additional Tier 1 sukuk at SAR 3 billion, under its SAR 8 billion Additional Tier 1 Capital Sukuk Program, via a private placement in Saudi Arabia, according to a Tadawul statement.
Details |
|
Offering Value |
SAR 3 bln |
Number of Sukuk |
3,000 (based on minimum denomination and total issue size) |
Nominal Value |
SAR 1 mln |
Return |
|
Maturity |
Perpetual, no specified maturity |
Terms of Redemption |
Sukuk may be redeemed early due to a material event, tax or at the option of the bank as described in the applicable terms. |
Saudi Fransi Capital was appointed as sole bookrunner, lead arranger and lead manager for the private placement.
For more news on listed companies
BSF announced on Aug. 13 that it started to issue a SAR-denominated additional Tier 1 sukuk under its SAR 8 billion Additional Tier 1 Capital Sukuk Program via a private placement in Saudi Arabia, Argaam earlier reported.
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