Riyad Bank has successfully completed the offer of its U.S. dollar denominated tier 2 capital sustainable notes under its medium-term note programme. Initially announced on January 7, 2026, the offer was made available to eligible investors both in the Kingdom of Saudi Arabia and internationally. The total value of the offer is USD 1,000,000,000, with the issuance set to be settled on January 14, 2026.
The offer comprises 5,000 bonds, each with a par value of USD 200,000, offering a return of 5.805% per annum. These notes have a maturity of 10 years and are callable after 5 years. They will be listed on the London Stock Exchange's International Securities Market and may be sold in reliance on Regulation S under the US Securities Act of 1933.
The terms of redemption are detailed in the base offering circular related to the notes. This strategic financial move is part of Riyad Bank's efforts to enhance its capital structure through sustainable financial instruments.
