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Banque Saudi Fransi has mandated banks for a potential USD-denominated 6-year Additional Tier 1 capital issuance.
The inaugural benchmark fixed rate resettable Regulation S Perpetual non-call 6-year Additional Tier 1 capital issuance comes under BSF’s newly created $3 billion Additional Tier 1 Capital Note Programme.
The issuance will follow, subject to market conditions. FCA/ICMA stabilisation applies.
Abu Dhabi Commercial Bank, BofA Securities, BSF Capital, Citi, Crédit Agricole CIB, Emirates NBD Capital, HSBC, Mashreq, Mizuho and MUFG are Joint Lead Managers.
In January 2025, BSF Sukuk Company Limited issued $750 million trust certificates due 2030 under the Trust Certificate Issuance Programme.
In February, BSF Finance issued $55 million 5.218% green notes due 2029 and $20 million 5.218% social notes due 2029, both under the MTN Programme.
In March, BSF Finance issued $20 million floating rate notes due 2032 under the MTN Programme.
(Writing by Brinda Darasha; editing by Seban Scaria)
