The Clap
Banque Saudi Fransi (1050) revealed that it has finalized its USD-denominated Sukuk issuance as part of its sukuk issuance program.
What
The value of the offering was $900 million, covered by qualified investors inside and outside KSA.
So What
The bond yield is 4.75% annually with a maturity of 5 years.
Now What
The Sukuk will be listed on the London Stock Exchange and can not be sold, except in accordance with Regulation S of the United States Securities Act of 1933, as amended.
