BSF Completes Issuance of USD 650 Million International Tier 1 Bonds
06/May/2025
1 May 2025, Riyadh, Saudi Arabia – Banque Saudi Fransi (BSF) has successfully completed the issuance of USD 650 million in international Tier 1 bonds, reaffirming its strategic position in the global capital markets and its commitment to maintaining a strong and diversified capital base.
This issuance builds on the momentum of BSF’s previous successful international issuances, further strengthening the Bank’s liquidity and capital position and expanding its investor base internationally.
The latest transaction attracted orders exceeding 3.5 times the offering size, highlighting the strong appetite from key regional and international investors for BSF’s credit and the Kingdom’s economic fundamentals.
The bonds carry an annual yield of 6.375 %, reflecting BSF’s solid credit profile and the confidence of investors in its long-term strategy.
The proceeds from the issuance will be used to maintain robust capital levels, optimize the Bank’s capital structure through diversified funding sources, and reaffirm BSF’s continued access to international capital markets.
Commenting on the transaction, Mr. Bader Alsalloom, Chief Executive Officer of BSF, said:
“This issuance is a testament to investor confidence in BSF’s financial strength and strategic direction. It enables us to further strengthen our capital position while expanding our investor base globally. BSF remains committed to supporting the Kingdom’s financial sector and economic transformation under Vision 2030.”
This transaction marks another milestone in BSF’s journey as a trusted financial partner and reinforces its long-term strategy to provide sustainable and innovative banking solutions aligned with the highest international standards.
This issuance builds on the momentum of BSF’s previous successful international issuances, further strengthening the Bank’s liquidity and capital position and expanding its investor base internationally.
The latest transaction attracted orders exceeding 3.5 times the offering size, highlighting the strong appetite from key regional and international investors for BSF’s credit and the Kingdom’s economic fundamentals.
The bonds carry an annual yield of 6.375 %, reflecting BSF’s solid credit profile and the confidence of investors in its long-term strategy.
The proceeds from the issuance will be used to maintain robust capital levels, optimize the Bank’s capital structure through diversified funding sources, and reaffirm BSF’s continued access to international capital markets.
Commenting on the transaction, Mr. Bader Alsalloom, Chief Executive Officer of BSF, said:
“This issuance is a testament to investor confidence in BSF’s financial strength and strategic direction. It enables us to further strengthen our capital position while expanding our investor base globally. BSF remains committed to supporting the Kingdom’s financial sector and economic transformation under Vision 2030.”
This transaction marks another milestone in BSF’s journey as a trusted financial partner and reinforces its long-term strategy to provide sustainable and innovative banking solutions aligned with the highest international standards.
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