Saudi British Bank SR1.5 billion Tier 2 sukuk issue

28/5/2015
Sukuk

SR 1.5 billion

$ 399.988 million

Completed

28/5/2015


Overview:

  • Saudi British Bank has undertaken a SR1.5 billion sukuk (Islamic bond) issue.
  • The subordinated Tier 2 issue is due in 2025.
  • HSBC is acting as arranger.

Sam Duke - Editor

Jurisdiction:

Saudi Arabia

Deal type:

Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Banking


Firm:

Party: Saudi British Bank (Issuer)

Lawyer: Zeyad Khoshaim