Riyadh – Mubasher: Samba Financial Group announced its intention to offer notes under its $5 billion Euro Medium Term Note Programme established in July 2019.
The offer is expected to be in US Dollars through a special purpose vehicle (SPV) with a guarantee from Samba pursuant to the terms determined by the company and subject to market conditions, the financial group disclosed in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
Samba’s Board of Directors has approved the establishment of the Programme and the offer thereunder pursuant to its resolution 17 December 2018.
It is worth noting that Samba Capital and Investment Management Company alongside Standard Chartered Bank and Citi Group are the joint lead managers for the proposed offer.
