NCB completes Saudi Arabia's largest sukuk issue | NCB completes Saudi Arabia's largest sukuk issue -
ncb

NCB completes Saudi Arabia’s largest sukuk issue

: Monday, February 24 - 2014 @ 01:52

Saudi Arabia’s National Commercial Bank (NCB) has said it has successfully placed its SR5bn, 10 non-call five-year subordinated Tier II capital sukuk offering, Arab News has reported. The issue marks “the largest issuance by a financial institution in Saudi Arabia and the largest ever subordinated debt instrument issued by a financial institution in the Mena region,” said the kingdom’s biggest lender. HSBC Saudi Arabia acted as a lead coordinator, and GIB Capital, HSBC Saudi Arabia, JP Morgan Saudi Arabia and NCB Capital acted as joint lead managers and joint bookrunners, the NCB said.

Today's Top Stories

Posted by

Monday, February 24- 2014 @ 1:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs