Chicago, Feb. 9 – Banque Saudi Fransi listed its $700 million 5% sukuk offering in London, according to a press release and the listing.
BSF Sukuk Co. Ltd. is the listed issuer.
The five-year certificates priced with a Treasuries plus 105 basis points spread.
HSBC Bank plc, BofA Securities, Citi, Emirates NBD Capital, Mizuho and Saudi Fransi Capital were the bookrunners.
The deal was 4.4x oversubscribed, the issuer said.
The full-service commercial bank is based in Riyadh, Saudi Arabia.
| Issuer: | BSF Sukuk Co. Ltd.
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| Obligor: | Banque Saudi Fransi
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| Amount: | $700 million
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| Issue: | Sukuk
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| Maturity date: | Jan. 25, 2029
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| Bookrunners: | HSBC Bank plc, BofA Securities, Citi, Emirates NBD Capital, Mizuho and Saudi Fransi Capital
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| Coupon: | 5%
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| Spread: | Treasuries plus 105 bps
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| Announcement date: | Jan. 18
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| Listing date: | Jan. 25
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| ISIN: | XS2741362862
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