The Saudi Fransi Bank announced, on Thursday, the end of its launch of the bonds denominated in the US dollar within the medium -term program, at a value of 700 million dollars. The bank added in a statement on the “Saudi Trading” market, that the settlement of the issuance of bonds will be on the date of November 23.
The bank added that The total number of bonds amounted to 3,500 instruments based on the minimum currency category and the total number of version, at a value of 200 thousand dollars. The bank mentioned that the bond return is 5. 5% annually, with a period of 5 years.
He pointed out that the bonds can be recovered before the date of entitlement in certain cases, as is detailed in the generalization of the basic offering in relation to bonds and the medium -term program.
According to the (S) regulations of the amended US Securities Law.
Reuters reported that the Saudi Fransi Bank set the price of denominated bonds in dollars for five years, which was launched, at 170 basis points over the US Treasury, while the demand volume exceeded 3. 2 billion dollars..
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