Riyadh – Mubasher: Bank AlJazira has completed selling USD-denominated Sukuk at a total value of $500 million, according to a bourse disclosure on Tuesday.
The volume of the perpetual Tier 1 capital certificates totalled 2,500 Sukuk notes at $200,000 each.
Bank AlJazira announced that the notes hold a return of 3.950%.
Through BAJ Sukuk Tier 1 Limited, the listed bank started offering the Sukuk on 24 June, mandating Alinma Investment, AlJazira Capital, and J.P. Morgan Securities as joint lead managers and bookrunners for the issue.
