Latest news with #SNBFunding
Zawya
9 hours ago
- Business
- Zawya
Spreads set for Saudi National Bank's USD T2 notes as books near $4bln
Saudi National Bank's US dollar-denominated fixed rate tier 2 capital notes have spread set at US Treasury plus 200 basis points (bps), tighter than Initial price thoughts (IPTs) in the UST + 235 bps area. Books are currently over $3.9 billion (excluding JLM interest). The Reg S 10-year non-call 5 notes are being issued under the bank's $10 billion Euro medium Term Note programme. The issuer is SNB Funding Ltd. with Saudi National Bank the guarantor. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
15 hours ago
- Business
- Zawya
IPTs out for Saudi National Bank's USD T2 notes
Initial price thoughts (IPTs) for Saudi National Bank's US dollar-denominated fixed rate tier 2 capital notes are in the US Treasury plus 235 basis points area. The Reg S 10-year non-call 5 notes are being issued under the bank's $10 billion Euro medium Term Note programme. The issuer is SNB Funding Ltd. with Saudi National Bank the guarantor. Books, which opened today, are over $2 billion (excluding JLM interest). (Writing by Brinda Darasha; editing by Seban Scaria)
