Saudi Arabia closes $1.7bn September sukuk program
Published 15 Sep,2021 via Arab News - Economy RIYADH - The National Debt Management Center (NDMC) has closed the September 2021 issuance under the Saudi Arabian Government riyal-denominated sukuk program. The size was set at SR6.675 billion ($1.7 billion), NDMC said in a statement on Tuesday.
The issues were divided into three tranches: a SR3.170 billion tranche, which matures in 2029, a SR2.855 billion tranche which matures in 2033 and a SR650 million which matures in 2036.
Saudi Arabia had approximately SR854 billion debt outstanding by year-end 2020, of which 59 percent are riyal-denominated and 41 percent in foreign currency, says NDMC on its website.
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