Saudi National Bank’s SNB Capital Launches $500M Three-Year Loan

SNB Capital, the investment banking and asset management arm of Saudi National Bank, has launched a three-year loan of up to $500 million. The facility carries an interest margin of 80 basis points over SOFR, the Secured Overnight Financing Rate used as a benchmark for US dollar-denominated loans. Commitments from lenders are due by April 13th.

Mizuho Bank is acting as mandated lead arranger and bookrunner for the transaction. The loan has a base size of $350 million and includes a $150 million greenshoe option, allowing the amount to be increased depending on investor demand.

The move follows Saudi National Bank’s decision last month to upsize its five-year term loan to $1.5 billion, priced at an all-in rate of 104.7 basis points, including a 90 basis point margin over SOFR.

The latest facility forms part of ongoing funding activity by the group amid broader capital markets engagement across the region.