{"id":76749,"date":"2023-03-30T01:53:53","date_gmt":"2023-03-30T01:53:53","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/"},"modified":"2023-03-30T01:53:53","modified_gmt":"2023-03-30T01:53:53","slug":"saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/","title":{"rendered":"Saudi Arabia's Al Rajhi Bank\u2019s sustainable sukuk issuance offer kicks off"},"content":{"rendered":"

<\/a> Saudi Al Rajhi sustainable sukuk offer commences:<\/strong> Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 has announced the kickoff of its five-year USD-denominated sustainable sukuk<\/a> offer on the London Stock Exchange, according to a disclosure to Tadawul<\/a>. The size and terms of value of the Islamic bond issuance will be determined subject to the market conditions and will be issued under the bank\u2019s international sukuk program, the statement notes.<\/p>\n

Here\u2019s what we know: <\/strong>The Saudi lender is set to raise USD 1 bn with five-year sustainable Islamic bonds with an initial price guidance of c. 110 basis points over US Treasuries for its sukuk, Reuters<\/a> reports, citing a document from one of the banks arranging the issuance.<\/p>\n

Advisors:<\/strong> Al Rajhi Capital Company, Citigroup, Emirates NBD Bank, Goldman Sachs, HSBC, JPMorgan Securities, KFH Capital, and Standard Chartered Bank were appointed as joint lead managers and bookrunners for the issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Al Rajhi sustainable sukuk offer commences: Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 has announced the kickoff of its five-year USD-denominated sustainable sukuk offer on the London Stock Exchange, according to a disclosure to Tadawul. The size and terms of value of the Islamic bond issuance will be determined subject […]<\/p>\n","protected":false},"author":1,"featured_media":76750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[1541,83,11,153,1540,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-al-rajhi-bank","tag-debt-watch","tag-enterpriseclimate","tag-green-sukuk","tag-islamic-bonds","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"7bf65b16-5426-4fbd-80a0-fcb2ecd2e0c1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/834.jpg","photo_position":"above","related_issue":[76742],"teaser":"","voice_url":""},"yoast_head":"\nSaudi Arabia's Al Rajhi Bank\u2019s sustainable sukuk issuance offer kicks off - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia's Al Rajhi Bank\u2019s sustainable sukuk issuance offer kicks off\" \/>\n<meta property=\"og:description\" content=\"Saudi Al Rajhi sustainable sukuk offer commences: Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 has announced the kickoff of its five-year USD-denominated sustainable sukuk offer on the London Stock Exchange, according to a disclosure to Tadawul. The size and terms of value of the Islamic bond issuance will be determined subject […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T01:53:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/834.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi Arabia's Al Rajhi Bank\u2019s sustainable sukuk issuance offer kicks off\",\"datePublished\":\"2023-03-30T01:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/834.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Rajhi Bank\",\"DEBT WATCH\",\"EnterpriseClimate\",\"Green sukuk\",\"Islamic bonds\",\"Saudi Arabia\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/30\/saudi-arabias-al-rajhi-banks-sustainable-sukuk-issuance-offer-kicks-off\/\",\"name\":\"Saudi Arabia's Al Rajhi Bank\u2019s sustainable sukuk issuance offer kicks off - 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