Banque Saudi Fransi (BSF) on Thursday said it plans to call its 2012 sukuk valued at SAR 1.9 billion, the bank said in a statement to Saudi Stock Exchange (Tadawul).
The redemption will be at the sukuk nominal value – 100 percent of issue price, at end of the fifth year (Dec. 18, 2017).
The lender said it has already obtained regulatory with regard to the redemption.
On Dec. 18, 2012, the bank issued 1900 sak with a face value of SAR 1 million each, a seven years maturity (due 2019) and callable in five years.
The redemption value, in addition to the interim payments, will be deposited in the accounts of the bondholders of record on December 11, 2017 (start of trading suspension period), the bank said.
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