Alinma Bank announces the commencement of its offering of U.S. Dollar-denominated Sustainable Additional Tier 1 Capital Certificates under the Additional Tier 1 Capital Certificate Issuance Programme.
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement issued by Alinma Bank (the Bank) published on the "Tadawul" website on 21/11/1446H corresponding to 19/05/2025 regarding its intention to issue Additional Tier 1 Capital offering denominated in US Dollars through a Special Purpose Vehicle and via an offering directed to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank is pleased to announce the commencement of the Certificates offering. |
| Offer Type | U.S. Dollar-denominated Sustainable Additional Tier 1 Capital Certificates under the Additional Tier 1 Capital Certificate Issuance Programme. |
| Value of the offer | The amount and terms of offer of the Sustainable Additional Tier 1 Capital Certificates will be determined subject to market conditions. |
| Offering start Date | 2025-05-20 Corresponding to 1446-11-22 |
| Offering end Date | 2025-05-23 Corresponding to 1446-11-25 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally |
| Name of Issuance Manager | The Bank has mandated Abu Dhabi Islamic Bank PJSC, Alinma Capital, Emirates NBD Bank P.J.S.C., Goldman Sachs International, J.P. Morgan Securities plc and Standard Chartered Bank as joint lead managers. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof |
| Offer Price (Sukuk /Bonds) | Subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | It is Subject to market conditions. |
| Maturity (Sukuk /Bonds) | Perpetual, callable after 5.5 years. |
| Terms of Redemption | The Certificates may be redeemed in certain cases as detailed in the Offering document related to the Additional Tier 1 Capital Certificate Issuance Programme. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sustainable Additional Tier 1 Capital Certificates. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations.
The Additional Tier 1 Sustainable Capital Certificates will be listed on the International Securities Market of the London Stock Exchange. The Certificates may only be sold in accordance with (Regulation S) of the U.S. Securities Act of 1933, as amended.
The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions. |
Comments