Al Rajhi Bank raises $1 billion from offering additional capital bonds
Al Rajhi Bank announced the completion of the issuance of additional first tranche social capital sukuks denominated in US dollars under its international program for additional first tranche capital sukuks, while the settlement of the sukuk issuance will be on January 14 of this year.
The bank said in a statement on its website "Saudi Arabia trading"The value of the offering is one billion dollars, and the total number of sukuks is 5,000 (based on the minimum category and the total size of the issue).
The nominal value of the sukuk is 200 thousand dollars, while the return of the sukuk will be 6.15% per year.
He explained that the sukuks are permanent and may be redeemed after 5 years, while the sukuks may be redeemed in certain cases as detailed in the offering document related to the sukuks.
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