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Emirates News Agency - Emirates NBD arranges Al Rajhi's $1 billion inaugural Sukuk

DUBAI, 5th April, 2023 (WAM) -- Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank, the worldโ€™s largest Islamic bank by assets and market capitalisation. The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over US$3.75 billion. The robust order book allowed Al Rajhi to tighten the pricing by 40 basis points to 5-year US Treasury + 110 basis points (bps) from an initial pric...
United Arab Emirates Mohammad Al Bastaki Waleed Almogbel Al Rajhi Al Rajhi Bank Bank Sustainable Finance Framework
Source: wam.ae

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