{"id":103927,"date":"2026-01-11T00:00:00","date_gmt":"2026-01-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=103927"},"modified":"2026-01-11T05:25:18","modified_gmt":"2026-01-11T05:25:18","slug":"more-international-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/11\/more-international-sukuk\/","title":{"rendered":"More international sukuk"},"content":{"rendered":"

Bank Al Bilad joined <\/strong>la<\/a><\/strong>st week<\/a><\/strong>\u2019s debt activity spree<\/strong>, following issuances by Riyad Bank and Al Rajhi Bank. Bank Albilad<\/a><\/strong> issued USD-denominated Additional Tier 1 Capital sukuk under its USD 2 bn program. <\/p>\n

Saudi Telecom Company<\/a><\/strong> (stc) priced a USD 2 bn Reg-S dual-tranche sukuk offering<\/strong> after the offering drew in more than USD 5.4 bn in orders, according to Refinitiv<\/a>. The 10-year USD 1.25 bn tranche \u2014 which drew in the lion\u2019s share of demand \u2014 was priced at 90 bps over US Treasuries, tightened from an initial 125 bps over US Treasuries. A separate five-year USD 750 mn tranche carries a coupon rate of 4.479%.<\/p>\n

Riyad + Al Rajhi close issuances:<\/strong> Riyad Bank<\/a> raised USD 1 bn through a Reg-S, 10-year Tier 2 sustainable note issuance, comprising 5k sukuk with a 5.8% annual yield rate. Al Rajhi Bank<\/a> also secured USD 1 bn from its perpetual AT1 social sukuk offering of 5k sukuk at a 6.2% return coupon. Both offerings are callable after five years and will be listed on the London Stock Exchange\u2019s International Securities Market.<\/p>\n

\n

Advisors<\/p>\n

Bank Albilad tapped <\/strong>Abu \u200eDhabi Commercial Bank, \u200eAlbilad Capital, Dubai Islamic \u200eBank, Emirates NBD \u200eCapital, HSBC Bank, Mashreq Bank, Standard \u200eChartered Bank, and Warba \u200eBank as joint lead \u200emanagers.<\/p>\n

stc appointed a team of joint lead managers<\/strong>, including BNP Paribas, Citibank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, the Islamic Corporation for the Development of the Private Sector, Kuwait Finance House Capital, Mashreq Bank, National Bank of Greece, SNB Capital, and Standard Chartered Bank.<\/p>\n

Riyad Bank\u2019s team of joint lead managers<\/strong> included First Abu Dhabi Bank, Banco Bilbao Vizcaya Argentaria, DBS Bank, Emirates NBD Capital, HSBC, Merrill Lynch Saudi Arabia, Mizuho International, Riyad Capital, SMBC Bank International, and Standard Chartered Bank.<\/p>\n

Al Rajhi mandated a group of joint lead managers <\/strong>comprising Al Rajhi Capital, Goldman Sachs International, HSBC, Morgan Stanley, Standard Chartered Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, Nomura, and Warba, with Affin Bank appointed as co-manager.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Riyad and Al Rajhi secured a total of USD 2 bn<\/p>\n","protected":false},"author":1,"featured_media":103928,"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":[2590],"tags":[71,962,2441,57,10,74,2299],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-al-rajhi-bank","tag-bank-albilad","tag-debt","tag-debt-watch","tag-enterpriseam-ksa","tag-riyad-bank","tag-saudi-telecom-company-stc","wpautop","entry"],"acf":{"mongo_id":"c8e0c61a-9063-4d06-8821-3225942d2d4b","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2154.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bank Albilad and stc kick off issuances, Riyad Bank + Al Rajhi raise USD 1 bn each","related_issue":[103919],"teaser":"Riyad and Al Rajhi secured a total of USD 2 bn"},"yoast_head":"\nMore international sukuk - 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