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Sukuk
Wakalah
Al Rajhi Bank USD 1bn Senior Sukuk 2030
Al Rajhi Bank · Saudi Arabia
Senior sukuk currently open for subscription through participating distributors.
Key terms
- Issuer profile
- Al Rajhi Bank
- ISIN
- XS2793120845
- Structure
- Wakalah
- Issue size
- $1B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 4.90% (fixed)
- Indicative price
- 99.35
- Yield to maturity
- 5.106%
- Spread
- 88 bps
- Ratings
- A1 / A-
Key dates
- Issue date
- 22 Jan 2025
- Maturity date
- 22 Jan 2030
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Al Rajhi Shariah Board
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah asset portfolio
- Use of proceeds
- General banking purposes