IssuerAnnouncementDetailsV2Portlet
Actions
Banque Saudi Fransi Announces the Commencement of its Offer of U.S. Dollar-denominated Certificates under the Trust Certificate Issuance Programme.
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from Banque Saudi Fransi (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 05/07/1445H (corresponding to 17/01/2024G) regarding its intention to issue U.S. Dollar-denominated Certificates under the Trust Certificate Issuance Programme (the “Certificates”) through a special purpose and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the commencement of the offer of the Certificates. |
| Offer Type | U.S. Dollar-denominated Certificates under the Trust Certificate Issuance Programme. |
| Value of the offer | The amount and terms of offer of the Certificates will be determined subject to market conditions. |
| Offering start Date | 2024-01-18 Corresponding to 1445-07-06 |
| Offering end Date | 2024-01-19 Corresponding to 1445-07-07 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally |
| Name of Issuance Manager | The Bank has mandated Citigroup Global Markets Limited, Emirates NBD Bank P.J.S.C., HSBC Bank plc, Merrill Lynch International, Mizuho International plc and Saudi Fransi Capital as joint lead managers. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof |
| Offer Price (Sukuk /Bonds) | Subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | Subject to market conditions. |
| Maturity (Sukuk /Bonds) | 5 years |
| Terms of Redemption | The Certificates may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Base Offering Circular in relation to Certificates and the Trust Certificate Issuance Programme |
| Additional Information | 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 Certificates. The Bank will announce any other relevant material developments to its shareholders in due course. The Certificates will be listed on the International Securities Market of the London Stock Exchange plc. The Certificates may only be sold in reliance on Regulation S under the Securities Act of 1933, as amended. The Issuing End Date referred to above is the expected date of the end of the offering, subject to market conditions. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 19.79
Net Change 0.09 (+0.46%)
Value Traded (Sar) 39,332,564.54
Volume Traded 2,000,201
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions