Element List | Explanation |
---|---|
Offer Type | U.S. Dollar-denominated Additional Tier 1 Capital Certificates |
Introduction | With reference to the announcement from Alinma Bank (the “Bank”), published on the website of the Saudi Stock Exchange (Tadawul) on 18/8/1445H (corresponding to 28/2/2024G), regarding the commencement of the Bank’s offer of U.S. Dollar denominated Additional Tier 1 Capital Certificates by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the completion of the offer of the Certificates and the settlement of the Certificates issuance was on 19/8/1445H (corresponding to 29/2/2024G). |
Offer Type | U.S. Dollar-denominated Additional Tier 1 Capital Certificates |
Value of the offer | US$1,000,000,000 |
Total number of (Bonds/Sukuk) | 5,000 (based on the minimum denomination and total issue size) |
Par Value (Bonds/Sukuk) | USD200,000 |
Return (Bonds/Sukuk) | 6.500% (per annum) |
Maturity (Bonds/Sukuk) | Perpetual, callable after 5 years. |
Terms of Redemption | The Certificates may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Offering Circular dated 16/8/1445H (corresponding to 26/2/2024G). in relation to the Additional Tier 1 Capital Certificates. |
Additional Information | The Additional Tier 1 Capital 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 US Securities Act of 1933, as amended. |