Alinma Bank announces the end of the debt instruments offer of Additional Tier 1 Sukuk denominated in Saudi Riyals.
| Element List | Explanation |
|---|---|
| Offer Type | Additional Tier 1 Sukuk denominated in Saudi Riyals. |
| Introduction | Alinma Bank (the “Bank”) refers to its announcement published on the website of the Saudi Stock Exchange (Tadawul) on 29 Shawwal 1442 Hijri (corresponding to 10 June 2021G), relating to the beginning of offering the Additional Tier 1 Sukuk denominated in Saudi Riyals by way of a private placement. The Bank would like to announce that it has now completed the offering of the Sukuk and the settlement of the Sukuk occurred on 21 Dhu al-Qi‘dah 1442 Hijri (corresponding to 1 July 2021G). |
| Offer Type | Additional Tier 1 Sukuk denominated in Saudi Riyals. |
| Value of the offer | SAR 5,000,000,000 |
| Total number of (Bonds/Sukuk) | 5,000 (based on the minimum denomination and total issue size) |
| Par Value (Bonds/Sukuk) | SAR 1,000,000 |
| Return (Bonds/Sukuk) | 4.00% per annum from (and including) the issue date up to (but excluding) 1 July 2026G. The rate of return will then be reset on 1 July 2026G and every five years thereafter |
| Maturity (Bonds/Sukuk) | Perpetual |
| Terms of Redemption | The Sukuk may be redeemed early due to a capital event, tax event or at the option of the Bank as described in the terms and conditions of the Sukuk. |
| Additional Information | The Bank mandated Alinma Investment Company and J.P. Morgan Saudi Arabia Company as Joint Lead Managers and Joint Bookrunners for the private placement offer.
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sukuk. |
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