Banque Saudi Fransi (BSF) announced the successful completion of a USD- denominated $1 billion Tier 2 capital notes issuance, under its medium-term note (MTN) program.
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Sept.3.
Issuance Details
| Type of Issuance | US dollar-denominated Tier 2 capital notes under the MTN program |
| Offering Value | $1 billion |
| Total Number of Bonds | 5,000 (based on minimum currency denomination and total issue volume) |
| Par Value | $200,000 |
| Yield | 5.761% per annum |
| Maturity | 10 years, callable after 5 years |
| Redemption Terms | Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus of the MTN program |
The debt instruments will be listed on the London Stock Exchange’s International Securities Market (ISM). It may only be sold under Regulation S of the US Securities Act of 1933, as amended.
