Riyad Bank closes USD 750 mn sustainable sukuk issuance
The bank issued 3.75 sukuk at USD 200k each
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The bank issued 3.75 sukuk at USD 200k each
The five-year issuance was first launched on Nasdaq Dubai in July
The five-year issuance — which kicked off in July — was 3.6x oversubscribed, drawing in USD 1.8 bn in orders
QIIB listed the original USD 500 mn issuance on the London Stock Exchange back in January
The 30-year USD 600 mn green sukuk were priced at 5.50%
The lender now has a total of four sukuk listings on the exchange
The USD 750 mn sukuk was 2.8x oversubscribed
The lender gave the issuance a spread of 100 bps over US Treasuries
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