Riyad Bank finishes offering sustainable debt instruments worth one billion dollars
Riyad Bank announced the completion of the offering of sustainable second-tier equity debt instruments denominated in US dollars under its medium-term debt instruments programme.
The bank said in a statement on its website "Saudi Arabia trading"The settlement of the debt instruments issuance will be on January 14 of this year.
He added that the value of the offering is one billion dollars, while the total number of debt instruments is: 5 thousand (based on the minimum category and the total size of the issue), with a nominal value of 200 thousand dollars, with a return of 5.805% annually.
The maturity period will be 10 years, with the possibility of recovering it after 5 years.
Debt instruments may be redeemed in certain cases. As detailed in the basic offering document relating to the debt instruments.
It is worth noting that the debt instruments will be listed on the international financial market of the London Stock Exchange, and the debt instruments may be sold under Regulation S of the US Securities Exchange Act of 1933 as amended.
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