November 2, 2017 / 1:20 PM / 17 days ago

BRIEF-Banque Saudi Fransi to redeem 2012 sukuk on Dec 18 ‍​

Nov 2 (Reuters) - Banque Saudi Fransi Sjsc

* ANNOUNCE ITS INTENTION TO CALL ITS 2012 SUKUK ‍​

* SAYS REDEMPTION TO BE AT SUKUK FACE VALUE (100 PERCENT OF ISSUE PRICE) AT END OF YEAR 5, DECEMBER 18,2017‍​

* SAYS REGULATORY APPROVAL HAS ALREADY BEEN OBTAINED IN REGARD TO SUKUK REDEMPTION

* 1.9 BILLION RIYALS SUKUK ISSUED ON DEC 18, 2012 HAD ORIGINAL MATURITY OF SEVEN YEARS (DUE 2019) AND ARE CALLABLE IN FIVE YEARS, DECEMBER 18, 2017 Source text for Eikon: Further company coverage:

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