News 2019

September 2019

SAMBA ANNOUNCES PRICING OF DEBUT USD 1 BILLION 5-YEAR INTERNATIONAL BOND

Riyadh, 25 September 2019 - Samba Financial Group (“Samba”) priced a highly successful USD 1bn bond due in 2024 (5-year) at a fixed coupon rate of 2.75% per annum. This issuance is Samba’s first transaction since 2006 and was received with immense investor demand as evidenced by an orderbook that reached over USD 3.7bn, representing an oversubscription rate of 3.7 times. The USD 1bn bond is the first drawdown under Samba’s recently established USD 5bn Euro Medium Term Note Programme that is listed on Euronext Dublin.