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Riyad Bank — Capital/Financing Update 2022
Feb 10, 2022
53250_rns_2022-02-10_f79f7f2b-95b2-4cd4-bf8f-99c400f5a22e.html
Capital/Financing Update
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Riyad Bank announces the completion of the offer of its U.S. dollar denominated Tier 1 Capital Sukuk
1010 · 10/02/2022 08:04:02 · Announcement #66646 · View on Saudi Exchange
Riyad Bank announces the completion of the offer of its U.S. dollar denominated Tier 1 Capital Sukuk
| Element List | Explanation |
|---|---|
| Offer Type | U.S. dollar denominated Tier 1 capital sukuk. |
| Introduction | With reference to the announcement from Riyad Bank (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 08/07/1443H (corresponding to 09/02/2022), relating to the commencement of the Bank’s offer of U.S. dollar denominated Tier 1 capital sukuk (the “Sukuk”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce that it has completed the offer of the Sukuk and the settlement of the Sukuk issuance will be on 15/07/1443H (corresponding to 16/02/2022). |
| Offer Type | U.S. dollar denominated Tier 1 capital sukuk. |
| Value of the offer | USD 750,000,000 |
| Total number of (Bonds/Sukuk) | 3,750 (based on the minimum denomination and total issue size). |
| Par Value (Bonds/Sukuk) | USD 200,000 |
| Return (Bonds/Sukuk) | 4% per annum |
| Maturity (Bonds/Sukuk) | Perpetual |
| Terms of Redemption | The Sukuk may be redeemed by the Bank in certain cases as detailed in the offering circular in relation to the Sukuk. |
| Additional Information | The Sukuk may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.