Saudi’s Riyad Bank prices $1bln 10-year Tier 2 notes
Saudi Arabia’s Riyad Bank tightened the spread on its $1 billion 10-year non-call 5-year Tier 2 sustainable notes to 210 basis points over US Treasuries from initial price thoughts in the T+235bps area
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
