Libya based Commercial Bank Saudi National Bank has finalised a private placement in the USD Fixed Rate Poon Choi Bond market. The financing matures in 2024 and was executed by a single dealer.
A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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| Issuer Details | |
| Issuer | Saudi National Bank |
| LEI | 5586006ZEFQ542K7CY16 |
| Industry | Bank - Commercial |
| Country | Libya |
| Issuer Description | # he National Commercial Bank was the first bank established in Saudi Arabia and was formed in 1953 pursuant to a Royal Decree by the late King Abdulaziz Bin Abdul Rahman Al Saud to convert the partnership of Saleh & Abdulaziz Kaki and Salem Bin Mahfouz into the National Commercial Bank. # The NCB was founded with a paid-up capital of SR 30 million (US 8 million).. The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest bank in Saudi Arabia and is a leading financial institution in the Region |
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| Trade Details | |
| Security Type | Bond |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Fixed Rate |
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A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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