Saudi Awwal Bank announces the commencement of the offer of its U.S. Dollar denominated Tier 2 Capital Green Notes under its Medium Term Note Programme
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Saudi Awwal Bank (the "Bank") published on the website of the Saudi Exchange on 02/03/1447H (corresponding to 25 August 2025G), relating to the Bank’s intention to issue U.S. Dollar (“USD”) denominated Tier 2 Capital Green Notes (the "Notes") by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally pursuant to its Medium Term Note Programme (the "Programme"), the Bank is pleased to announce the commencement of the offer of Notes. |
| Offer Type | USD denominated Tier 2 Capital Green Notes. |
| Value of the offer | The amount and terms of offer of the Notes will be determined subject to market conditions. |
| Offering start Date | 2025-08-27 Corresponding to 1447-03-04 |
| Offering end Date | 2025-08-28 Corresponding to 1447-03-05 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | The Bank has mandated HSBC Bank plc, Goldman Sachs International, Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD Bank P.J.S.C., Mashreqbank psc, Mizuho International plc, Société Générale, as Joint Lead Managers in relation to the offer and issuance of the Notes. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | To be determined at a later stage based on market conditions at that time. |
| Par Value | USD 200,000. |
| Return (Sukuk /Bonds) | To be determined at a later stage based on market conditions at that time. |
| Maturity (Sukuk /Bonds) | 10 years, callable after 5 years. |
| Terms of Redemption | The Notes may be redeemed early in certain cases as detailed in the offering circular in relation to the Notes. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.
The Notes will be listed on the London Stock Exchange's International Securities Market. The Notes will be offered, sold and delivered only outside the United States in offshore transactions to non-U.S. persons in reliance on Regulation S under the US Securities Act of 1933, as amended. The Offering End Date referred to above is the expected end date of the offering, subject to market conditions. |
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