BSF completes SAR 3B sukuk issue

28/08/2024 Argaam
Banque Saudi Fransi (BSF)headquarter

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


6% per annum

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.

Comments {{getCommentCount()}}

Be the first to comment

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.