Samba Financial Group announces intention to issue Euro Medium Term Notes in U.S Dollars denomination
| Element List | Explanation |
|---|---|
| Introduction | Samba Financial Group (“Samba”) announces its intention to offer notes under its USD 5,000,000,000 Euro Medium Term Note Programme (the “Programme”) established by it on 15 July 2019. The offer is expected to be in U.S. Dollars through a special purpose vehicle (“SPV”) with a guarantee from Samba pursuant to the terms determined by Samba and subject to market conditions. Samba will commence holding investor meetings as of 17 September 2019 in preparation for this offering of the notes.
The Board of Directors of Samba has approved the establishment of the Programme and the offer thereunder pursuant to its resolution dated 17 December 2018. Samba has mandated First Abu Dhabi Bank, Goldman Sachs International, HSBC, Samba Capital & Investment Management Co. and Standard Chartered Bank as joint lead managers for the proposed offer. |
| Issuance Type | Euro Medium Term Notes in U.S Dollars denomination |
| Board Resolution Date | 2018-12-17 Corresponding to 1440-04-10 |
| Issuance Amount | It will be determined subject to market conditions |
| Purpose of Issuance | The purpose of the proposed offer is general corporate purposes |
| Approvals | The offer will be subject to the approval of the relevant regulatory authorities and will be made in accordance with the applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation of offer to purchase, acquire or subscribe to any securities. Samba will announce any other relevant material development to its shareholder in due course. |
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