Saudi Arabia closes $3bn August sukuk program
Published 18 Aug,2021 via Arab News - Economy RIYADH - The National Debt Management Center has closed the August 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The size was set at SR11.358 billion ($3 billion), NDMC said in a statement on Tuesday.
The issues were divided into three tranches: a SR2.508 billion tranche, which matures in 2029; a SR4.485 billion tranche, which matures in 2033 and a SR4.365 billion tranche which matures in 2036.
Saudi Arabia had approximately SR854 billion debt outstanding by year-end 2020, of which 59 percent are SR-denominated and 41 percent in foreign currency, says NDMC on its website.
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