Saudi Arabia closes $2.78 bln July sukuk program
Published 06 Jul,2021 via Arab News - Economy RIYADH - Saudi Arabia’s National Debt Management Center (NDMC) on Tuesday closed the July 2021 issuance for the government’s Saudi riyal-denominated sukuk, valued at SR10.412 billion ($2.78 billion), as the Kingdom continued to embrace the capital debt market.
The sukuk, or Islamic bonds, were divided into two tranches. The first tranche, valued at SR6.462 billion, will mature in 2031, while the second, valued at SR3.95 billion, will mature four years later.
Saudi Arabia has been increasingly active in the sukuk markets recently. The NDMC three weeks ago closed the June 2021 issuance valued at SR8.265 billion.
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Arab News