Arab National Bank prices $750m perpetual AT1 sukuk at par
Arab National Bank raised $750 million via a Regulation S perpetual non-call 5.5-year AT1 sukuk, priced at par. The sukuk has a 6.50% coupon paid semi-annually, with yield set at 6.50%.
By Staff WriterThe Saudi-based Arab National Bank, rated A1 by Moody’s (Stable), A- by S&P (Stable) and A- by Fitch (Stable), has raised $750 million from a Regulation S perpetual non-call 5.5-year AT1 sukuk, priced at par with a 6.50% coupon paid semi-annually.The yield is set at 6.50%, with a 191…