{"id":110289,"date":"2026-06-17T00:00:00","date_gmt":"2026-06-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=110289"},"modified":"2026-06-17T02:58:33","modified_gmt":"2026-06-17T02:58:33","slug":"aljazira-plans-at1-issuance-alinma-to-redeem-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/17\/aljazira-plans-at1-issuance-alinma-to-redeem-sukuk\/","title":{"rendered":"AlJazira plans AT1 issuance, Alinma to redeem sukuk"},"content":{"rendered":"

More <\/strong>Saudi <\/strong>banks are moving fast on debt this week<\/strong> \u2014 issuing fresh capital instruments, retiring older obligations, and making room for more to come \u2014 as the market recovers<\/a> from months of war-driven inactivity and crowds into a narrow window before a summer lull. <\/p>\n

#<\/strong>1- AlJazira Bank is returning to international debt markets with plans to issue <\/strong>USD-denominated AT1 capital certificates<\/strong>, according to a Tadawul disclosure<\/a>. The issuance will target local and international institutional investors through a special purpose vehicle under the bank\u2019s USD 1.5 bn global AT1 issuance program, launched in September 2025<\/a>. Size and pricing terms are still to be determined, subject to regulatory approval. <\/p>\n

REMEMBER-<\/strong> AlJazira raised USD 500 mn the last time it tapped<\/a> international markets under the program in September. The planned issuance comes as the bank prepares to redeem<\/a> its USD 500 mn tier 1 capital sukuk on 29 June, five years after the certificates were issued, and follows an SAR 1.5 bn private placement of SAR-denominated AT1 sukuk in March<\/a>.<\/p>\n

ADVISORS-<\/strong> Abu Dhabi Commercial Bank, AlJazira Capital, Arqaam Capital, ASB Capital, Citigroup, Emirates NBD, First Abu Dhabi Bank, Goldman Sachs, JPMorgan, and Standard Chartered are acting as joint lead managers.<\/p>\n

\n

\n

#2-<\/strong> Alinma Bank is fully redeeming its SAR 5 bn AT1 capital sukuk on 1 July<\/strong>, five years after the certificates were issued, according to a Tadawul filing<\/a>. All 5k units will be repaid in full, alongside outstanding periodic distributions, with regulatory approval secured.<\/p>\n

ICYMI-<\/strong> Late last month<\/a>, Alinma raised SAR 3 bn from an SAR-denominated AT1 sukuk and closed a separate USD 500 mn sustainable AT1 offering.<\/p>\n

ADVISORS-<\/strong>Riyad Bank is the designated payment administrator, while Riyad Capital will act as the sukukholders\u2019 agent.<\/p>\n

\n

Making the most of a narrowing window?<\/p>\n

Gulf debt only began <\/strong>reawakening<\/a><\/strong> from its war-driven slumber in May<\/strong>, and June is tracking similarly before a summer lull and the Fed bring things to a halt. The roll cycle now playing out is banks compressing months of refinancing activity into a few weeks of open market. Spreads for investment-grade names have tightened back inside pre-war levels, presenting the right conditions to move before summer closes the window.<\/p>\n","protected":false},"excerpt":{"rendered":"

The market is recovering from months of war-driven inactivity<\/p>\n","protected":false},"author":1,"featured_media":110290,"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":[72,1116,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-alinma-bank","tag-aljazira-bank","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"6254b3dd-144d-4aa0-99db-f4ddfacc8a5f","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1187.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Out with the old, in with the new","related_issue":[110277],"teaser":"The market is recovering from months of war-driven inactivity"},"yoast_head":"\nAlJazira plans AT1 issuance, Alinma to redeem sukuk - 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