Saudi Arabia closes January domestic sukuk issuance worth $790m

Author: 
Zaynab Khojji
article author: 
ID: 
1611171079337287400
Wed, 2021-01-20 22:32

RIYADH: The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry of Finance said in a statement today, Jan. 20, 2021.
The issue size was set at SR2.96 billion ($790 million), and the sukuk issuances were divided into two tranches as follows:
– The first tranche, with a size of SR2.08 billion and a total tranche size of SR2.08 billion, matures in 2028.
– The second tranche, with a size of SR880 million and a total tranche size of SR880 million, matures in 2033.

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