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Saudi-listed Riyad Bank plans to redeem its $1.5 billion 10-year sukuk five years early next month.
The announcement comes two days after the bank’s announcement that it will issue a new sukuk under its SAR 10 billion ($2.67 billion) riyal denominated programme.
The Tier-2 dollar sukuk to be redeemed was issued in February 2020. Riyad Sukuk Limited will pay unpaid periodic distribution to holders.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
