Wed, 2023-02-08 17:40
RIYADH: SNB Capital on Wednesday announced the completion of a private placement Additional Tier 1 perpetual sukuk worth SR1 billion ($267 million).
According to an official statement, the transaction was received with overwhelming demand from a diverse investor base having a bid cover ratio of 2.1 times. Investors included financial institutions, public sector, qualified individual investors, corporates, family offices, asset managers and insurance companies.
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