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Thndr Claps » Saudi Claps » Financial Services 🏛 » BSF finalizes $900 million Sukuk issuance 💰

BSF finalizes $900 million Sukuk issuance 💰

by Omar El Shorafa
May 24, 2023

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.

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