- Search
- Dubai24 ° C
Riyad Bank completes issuance of $1B T2 capital sustainable notes
Riyad Bank announced the completion of the issuance of USD-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note (MTN) program.
In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Jan. 14.
| Issuance Details | |
| Type of Issuance | USD-denominated T2 capital sustainable notes under the MTN program |
| Offering Value | $1 billion |
| Total No. of notes | 5,000 (based on minimum currency denomination and total issue volume) |
| Par Value | $200,000 |
| Yield | 5.805% per annum |
| Maturity | 10 years, callable after 5 years |
| Redemption Terms | Notes may be redeemed prior to maturity under certain conditions, as detailed in the base prospectus of the MTN program |
The debt instruments will be listed on the London Stock Exchange's International Securities Market (ISM). It may only be sold under Regulation S of the US Securities Act of 1933, as amended.
According to Argaam data, Riyad Bank announced yesterday, Jan. 7, the launch of the USD-denominated, Tier 2 capital sustainable notes to qualified investors inside and outside the Kingdom.
Share:
ADD TO EYE OF Dubai
RELATED NEWS
MOST POPULAR
NWC issues 1st Sustainability Report on Saudi Water Sector
Tuesday 6 January, 2026 12:45
SABIC to sell Americas, Europe units; expects SAR 18.3B non-cash loss
Thursday 8 January, 2026 1:32
Five GCC economic themes to watch in 2026
Wednesday 7 January, 2026 1:45
NDMC raises $11.5B from 2.7x oversubscribed bond sale
Tuesday 6 January, 2026 12:28
ACWA Power completes acquisition of Engie stake in Az-Zour North power plant
Wednesday 7 January, 2026 2:50
About Eye of Dubai
×