Islamic Finance

Arab National Bank to issue USD Tier 2 sukuk

Saudi Arabia's Arab National Bank plans to issue a U.S. dollar Tier 2 sukuk.

Domestic and global investor calls start on Monday (Oct 19), the bank said in a bourse filing.

It did not reveal the target value of the sale.  

HSBC Bank and J.P. Morgan Securities are Joint Lead Managers and Bookrunners. Arab National Investment Company has been appointed as Joint Lead Manager.

© 2020 All Rights Reserved