Riyadh – Mubasher: Samba Financial Group has completed offering $500 million notes under its $5 billion Euro Medium Term Note Programme.
The company issued seven-year 2,500 bonds at a nominal value of $200,000 apiece, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.
The notes, having a yield of 2.929% per annum, will be listed on the Irish Stock Exchange and may be redeemed early upon the occurrence of a tax event at the option of Samba.
