Banque Saudi Fransi completes issuance of dollar-denominated bonds within Medium Term Note Programme at $700 mln

Banque Saudi Fransi announced on Thursday the completion of the offer of the Notes and the settlement of the Notes issuance will be on 23/11/2022.
The bank stated that the total number of bonds is 3.5 based on the minimum currency denomination and the total issuance volume, and the bond maturity period is 5 years.
It is noteworthy that the nominal value of the bond is 200 thousand dollars, with a return of 5.500% per annum.
The Notes may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Base Offering Circular in relation to the Notes and the Medium Term Note Programme.
The Notes will be listed on the International Securities Market of the London Stock Exchange plc. The Notes may only be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.