Thndr Claps » Saudi Claps » Financial Services 🏛 » Saudi Fransi offers dollar-denominated bonds 💸
The ClapBanque Saudi Fransi (1050) started issuing bonds denominated in US dollars as part of the medium-term bond program.
WhatThe bank offered its dollar bonds through a special purpose company, and through an offer directed to qualified investors inside and outside Saudi Arabia.
The number of bonds and their terms will be determined depending on market conditions.
So WhatThe bank indicated that the minimum subscription is $200,000, with increments of $1,000 or more.
The offering price and return of the Sukuk will be determined according to market conditions and the Sukuk’s maturity period will be 5 years.
Now WhatThe bonds will be listed on the London Stock Exchange.
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