Banque Saudi Fransi opens books on dollar-denominated trust certificates

Chicago, May 23 – Banque Saudi Fransi opened the books on an offering of dollar-denominated trust certificates with a five-year tenor on Tuesday, according to an announcement.

Books will close on Wednesday.

Special purpose vehicle BSF Sukuk Co. Ltd. will be listed as the issuer.

Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, Mizuho International plc and Saudi Fransi Capital have been mandated as joint lead managers for the Regulation S issue.

Proceeds will be used for Islamic finance business.

The full-service commercial bank is based in Riyadh, Saudi Arabia.

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