Money and business

Recover bonds with $ 1.5 billion before their due date

Riyad Bank has announced the full recovery of the second fixed -rate bonds of $ 1,500,000,000 in 2030.
The bank said in a statement on Saudi Arabia’s circulation: The recovery rate of the total issuance is 100%, while the total number (for sukuk) is 7,500 (based on the minimum value and total size).
He explained that the date of the release 1441-07-01 corresponding to 2020-02-25, noting that the date of its circulation (the date of the bond recovery): 08/26/1446 AH (corresponding to 02/25/2025 AD).
The nominal value of the instrument at the recovery is $ 200,000, while the value of the total release after the recovery is 0.
She noted that the date of depositing the amounts in the accounts of (Sukuk) holders: 1446-08-26 corresponding to 2025-02-25.

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