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Samba issues $500m notes

Samba issues $500m notes
The company issued seven-year 2,500 bonds
SAMBA
1090
-2.14% 27.40 -0.60

Riyadh – Mubasher: Samba Financial Group has completed offering $500 million notes under its $5 billion Euro Medium Term Note Programme.

The company issued seven-year 2,500 bonds at a nominal value of $200,000 apiece, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The notes, having a yield of 2.929% per annum, will be listed on the Irish Stock Exchange and may be redeemed early upon the occurrence of a tax event at the option of Samba.