Saudi Awwal Bank announces the completion 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 04/03/1447H (corresponding to 27/08/2025G), relating to the commencement of the Bank’s offer of its 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 Bank is pleased to announce the completion of the offer of the Notes.
The settlement of the Notes issuance will be on 12/03/1447H (corresponding to 04/09/2025G). |
| Offer Type | USD denominated Tier 2 Capital Green Notes. |
| Value of the offer | USD 1,250,000,000 |
| Total number of (Bonds/Sukuk) | 6,250 (based on the minimum denomination and total issue size). |
| Par Value (Bonds/Sukuk) | USD 200,000 |
| Return (Bonds/Sukuk) | 5.947% per annum |
| Maturity (Bonds/Sukuk) | 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 | The Notes will be listed on the London Stock Exchange's International Securities Market. The Notes may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. |
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