Saudi National Bank has launched instruments worth $750 million in the London Stock Exchange and sold them by Regulation S from the US Securities Act as amended.
The Bank concluded 3.75 thousand instruments of a nominal value of $ 200 thousand. The entitlement of these instruments is five years, with an annual return of 2.342%. According to the Bank for the Financial Markets Authority «Tadawol», early recovery of instruments may be accepted in specific cases.
The Bank targets the new version of eligible investors in Saudi Arabia and abroad. The minimum subscription is $ 200,000, the same nominal value of the instrument, and the value will be determined by market conditions.