Logo of Banque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) started today, April 30, the issuance of US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme.
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The issuance will be offered to qualified investors both domestically and internationally, BSF said in a statement to Tadawul.
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Details |
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Offer Type |
USD-denominated AT1 capital sukuk under Additional Tier 1 Capital Note Programme |
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Issuance Value |
Based on market conditions |
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Start Date |
April 30, 2025 |
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End Date |
May 1, 2025 |
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Target Category |
Qualified investors inside and outside Saudi Arabia |
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Management Entities |
Abu Dhabi Commercial Bank, Citigroup, Crédit Agricole, Emirates NBD, HSBC, Mashreqbank, Merrill Lynch Saudi Arabia, Mizuho International, MUFG Securities EMEA and BSF Capital were appointed as joint lead managers |
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Minimum Limit |
$200,000, with increments of $1,000 |
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Offer Price |
Based on market conditions |
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Nominal Value |
$200,000 |
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Return |
Based on market conditions |
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Maturity Period |
Perpetual sukuk, may be redeemed after 6 years |
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Redemption Terms |
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular |
The bank recently announced its plans to issue US dollar-denominated additional Tier 1 sukuk under its Additional Tier 1 Capital Note Programme, Argaam reported.
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