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Alinma Bank completes $500M sukuk issue
Alinma Bank completed the issuance of US dollar-denominated sukuk worth $500 million, under its Trust Certificate Issuance Program.
The sukuk issue is expected to be settled on July 15, the bank said in a statement on Tadawul.
| Sukuk Issuance Details | |
| Offering Type | US dollar-denominated sukuk under the bank's Trust Certificate Issuance Program |
| Offering Value | $500 mln |
| Total Number of Sukuk | 2,500 (based on the minimum denomination and total issue size) |
| Par Value | $200,000 |
| Return | 4.937% (per annum) |
| Maturity | July 15, 2030 |
| Terms of Redemption | The certificates may be redeemed in certain cases as detailed in the offering circular related to the Trust Certificate Issuance Program. |
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