Workflow
Sustainable notes
icon
Search documents
Riyad Bank plans USD-denominated T2 capital sustainable notes
ArgaamPlus· 2026-01-06 09:58
Core Viewpoint - Riyad Bank plans to issue USD-denominated Tier 2 capital sustainable notes under its medium-term note program, with the amount and terms dependent on market conditions [2][4]. Group 1: Issuance Details - The issuance will be offered to eligible investors both in Saudi Arabia and internationally [3]. - The bank has appointed several joint lead managers for the proposed offer, including First Abu Dhabi Bank, BBVA, DBS Bank, Emirates NBD Capital, HSBC, Merrill Lynch Saudi Arabia, Mizuho International, Riyad Capital, SMBC Bank, and Standard Chartered [3]. Group 2: Use of Proceeds - Proceeds from the offering are intended for general banking purposes [5]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals and will comply with applicable laws and regulations [6]. - The bank will announce any relevant material developments as required by the relevant rules and regulations [8].