S. Arabia’s SNB launches USD-denominated sukuk

The Saudi National Bank (SNB) issued its latest five-year U.S. dollar-denominated senior unsecured Sukuk through a special-purpose vehicle, the bank disclosed in a statement on Tuesday.

The amount and terms of offer of the Sukuk will be determined subject to market conditions, according to the statement.

The announcement is not an invitation to buy, acquire, or subscribe to any securities and is governed by the terms and conditions of the Sukuk. The Bank will disclose any further significant updates in accordance with applicable laws and regulations.

Emirates NBD Bank, Dubai Islamic Bank, Goldman Sachs International, HSBC Bank plc, Mizuho International plc, SNB Capital Company, and Standard Chartered Company have been appointed by the SNB as Joint Lead Managers & Bookrunners.