IFLR1000

The National Commercial Bank SR2 billion AT1 sukuk

15/7/2015
Sukuk, Private placement of bonds/notes
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SR 2 billion

$ 533.279 million

Completed

15/7/2015

Overview:

  • The National Commercial Bank (NCB) has undertaken a SR2 billion additional Tier 1 (AT1) sukuk (Islamic bond) issue.
  • The issue was undertaken via a private placement.
  • NCB Capital Company acted as arranger.
  • The deal follows a similar issue in June 2015.

Sam Duke - Editor

Jurisdictions:

Saudi Arabia
United Arab Emirates

Deal types:

Sukuk
Private placement of bonds/notes

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Banking

Firms:
Derayah

Party: The National Commercial Bank (Issuer)

Lawyers: Ali Abedi, Asad Abedi

Linklaters

Party: The National Commercial Bank (Issuer)

Lawyer: Jonathan Fried

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