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Riyadh , Saudi Arabia - Mar 11 2023: Saudi National Bank - SNB AlAhli office building in King Abdullah Financial District KAFD in Riyadh. Image used for illustrative purpose. Getty Images
Saudi National Bank is marketing a US dollar five-year Formosa bond at final price guidance of SOFR plus 120bp.
The Reg S notes will be issued by SNB Funding and guaranteed by Saudi National Bank, to be rated A–/A– (S&P/Fitch), in line with the issuer's Aa3/A–/A– ratings.
Credit Agricole CIB Taipei branch, HSBC Bank (Taiwan) and KGI Securities are the joint managers.
Source: IFR
