Al-Rajhi Starts Issuing USD Sukuk Tranche Two
Al Rajhi Bank announced the issuance of Tier 2 social sukuk denominated in US dollars, with a maturity period of 10.5 years and an early redemption option after 5.25 years. The offering period will be today and tomorrow, with the return rate determined according to market mechanisms and demand conditions, and a minimum subscription amount of $200,000. The issuance aims to attract qualified investors both within the Kingdom and abroad, with several international financial institutions participating in the subscription process, thereby opening opportunities for a broad base of investors worldwide.
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