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Bank Albilad completes $650M AT1 sukuk issuance
Bank Albilad completed the issuance of a US dollar-denominated additional Tier 1 sukuk issuance.
| Details | |
| Offer Type | US dollar-denominated additional Tier 1 green sukuk
|
| Offer Value | $650 mln |
| Total No. of Sukuk | 3,250 (based on minimum denomination and total issue size) |
| Nominal Value | $200,000 |
| Return | 6.50% annually |
| Maturity | Perpetual (without a fixed or final redemption date) |
| Terms of Redemption | May be subject to early redemption under certain circumstances, as detailed in the base prospectus, the supplementary prospectus, and the applicable final terms of the sukuk. |
The sukuk will be settled on May 22, 2025, the bank said in a statement to Tadawul.
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