{"id":82536,"date":"2024-02-21T00:00:00","date_gmt":"2024-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/21\/saudi-national-bank-kicks-off-sale-of-usd-denominated-sustainable-sukuk\/"},"modified":"2024-02-21T00:00:00","modified_gmt":"2024-02-21T00:00:00","slug":"saudi-national-bank-kicks-off-sale-of-usd-denominated-sustainable-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/21\/saudi-national-bank-kicks-off-sale-of-usd-denominated-sustainable-sukuk\/","title":{"rendered":"Saudi National Bank kicks off sale of USD-denominated sustainable sukuk"},"content":{"rendered":"

The Saudi National Bank (SNB) began the sale of its five-year USD-denominated <\/strong>sustainable sukuk<\/strong> under its international sukuk program, it said in a disclosure to Tadawul<\/a> yesterday. It is set to wrap up the sale<\/a> which is being offered to eligible investors here and abroad tomorrow. <\/p>\n

What we know:<\/strong> The spread for the sale was set at 90 bps over US Treasuries from an earlier initial price guidance of 120 bps, Reuters<\/a> reported, citing an arranging bank document that it has seen. It has received orders worth USD 4.1 bn, according to the document.<\/p>\n

Where the proceeds are going:<\/strong> The proceeds will be channeled for \u201cgeneral corporate purposes and to fulfill the bank\u2019s financial and strategic objectives,\u201d it said in a disclosure<\/a> earlier this week.<\/p>\n

ADVISORS- <\/strong>SNB hired our friends at HSBC Bank as well as Emirates NBD, Dubai Islamic Bank, Goldman Sachs, Mizuho International, SNB Capital and Standard Chartered as joint lead managers and bookrunners on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The proceeds will be channeled for \u201cgeneral corporate purposes and to fulfill the bank\u2019s financial and strategic objectives\u201d<\/p>\n","protected":false},"author":1,"featured_media":82537,"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":[83,11,164,331],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-finance","tag-saudi-national-bank-snb","wpautop","entry"],"acf":{"mongo_id":"6c263ab6-24cb-4515-8361-5afc7a23fbd6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2017.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi National Bank kicks off sale of USD-denominated sustainable sukuk","related_issue":[82526],"teaser":"The proceeds will be channeled for \u201cgeneral corporate purposes and to fulfill the bank\u2019s financial and strategic objectives\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.71c2229f-e389-484d-889d-5f0f4720ac9b.mp3"},"yoast_head":"\nSaudi National Bank kicks off sale of USD-denominated sustainable sukuk - 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\/2024\/02\/21\/saudi-national-bank-kicks-off-sale-of-usd-denominated-sustainable-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi National Bank kicks off sale of USD-denominated sustainable sukuk\" \/>\n<meta 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