Bank Albilad uses 650 million dollars from the issuance of additional capital instruments

Bank Albilad announced the end of the launch of additional capital instruments from the first tranche based in dollars.
The bank announced last Thursday that the launch of additional capital bonds from the first sustainable segment is based in dollars by offering a special offering in the Kingdom of Saudi Arabia and abroad according to its program to issue additional capital instruments from the first segment of 2 billion riyals.
Your son noted the settlement of issuing sukuk on May 22, noting that the value of the offering is 650 billion dollars.
He added that the total number of sukuk is 3250 sales, while the nominal value of the instrument is 200 thousand dollars, while the instrument’s return is 6.5% per year.
He explained that the duration of the instrument of the instrument is permanent without a due date, taking into account the possibility of its recovery early on the recovery date, or according to what is shown in the basic issuance bulletin and the final conditions applied to the sukuk.
The sukuk can be recovered early by the bank in certain cases as detailed in the basic release bulletin and the final applied conditions for the sukuk.