By Mary-Katherine Stinson
Lexington, Ky., March 28 – Saudi National Bank priced $850 million of 5.129% Islamic bonds due Feb. 27, 2029 at par, according to a notice.
The issuer is special purpose vehicle SNB Sukuk Ltd.
HSBC Bank plc was the manager.
Saudi National Bank, based in Riyadh, is the largest commercial bank in Saudi Arabia.
| Issuer: | SNB Sukuk Ltd.
|
| Obligor: | Saudi National Bank
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| Amount: | $850 million
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| Issue: | Sukuk
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| Maturity: | Feb. 27, 2029
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| Manager: | HSBC Bank plc
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| Coupon: | 5.129%
|
| Price: | Par
|
| Yield: | 5.129%
|
| Announcement date: | March 28
|
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