National Bank of Saudi Tower
Announce National Bank of Saudi Arabia Beginning the offering of additional Category 1 Sukuks denominated in Saudi Riyals to qualified investors within the Kingdom of Saudi Arabia.
To view more news of listed companies
The bank explained in a statement on Tadawul that the final value and conditions for offering the sukuks will be determined based on market conditions.
Below are the details of the offering:
|
the details
|
|
|
Version type
|
Additional Category 1 Sukuks denominated in Saudi Riyals.
|
|
Offer value
|
The final value and conditions for offering the Sukuks will be determined based on market conditions.
|
|
The beginning of the offering
|
November 10, 2024
|
|
End of offering
|
November 21, 2024
|
|
Target group of the release
|
Institutional and Qualified Clients as defined in the Glossary of Terms Used in the Regulations and Rules of the Capital Market Authority in accordance with Subparagraph (1) of Paragraph (a) of Article Eight of the Rules on the Offer of Securities and Continuing Obligations issued by the Council of the Capital Market Authority.
|
|
The entity responsible for issuance management
|
The bank appointed NCB Capital individually as the subscription manager, bookrunner, and lead coordinator.
|
|
Minimum subscription
|
One million riyals
|
|
Offer price
|
Determined by market conditions.
|
|
Nominal value
|
One million riyals for each instrument.
|
|
The return
|
Determined by market conditions.
|
|
Maturity period
|
Continuous (without a maturity date), taking into account the possibility of redeeming it early on the redemption date or as stated in the terms and conditions.
|
|
Conditions for eligibility for refund
|
The Sukuk may be redeemed in certain circumstances as detailed in the Master Terms Agreement relating to the Sukuk.
|
The bank said that the end date of the offering referred to in this announcement is an expected date and is subject to market conditions.
He indicated that he would announce any other fundamental developments in due course in accordance with the relevant laws and regulations.
ظهرت في الأصل على www.argaam.com