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Listed
Sukuk
Mudarabah
Al Rajhi Bank Additional Tier 1 Sukuk
Al Rajhi Bank · Saudi Arabia
Perpetual non-call five AT1 sukuk from the world's largest Islamic bank.
Key terms
- Issuer profile
- Al Rajhi Bank
- ISIN
- XS2617543214
- Structure
- Mudarabah
- 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
- 6.375% (fixed)
- Indicative price
- 102.80
- Yield to maturity
- 5.90%
- Spread
- 215 bps
- Ratings
- BBB
Key dates
- Issue date
- 14 Mar 2024
- Maturity date
- Perpetual
- Tenor
- —
Shariah information
- Shariah advisor
- Al Rajhi Shariah Board
- AAOIFI aligned
- ✓
- Underlying asset
- Mudarabah in the bank's general business
- Use of proceeds
- Regulatory capital