Saudi Arabia Concludes Third International Offering of USD 3.25 Billion Sukuk and Bonds for 2021

The National Debt Management Center (NDMC) of Saudi Arabia has announced the completion of accepting investor requests for the third international issuance in the year 2021 for Sukuk and bonds under the Kingdom’s Global Trust Certificate Issuance Programme and the Global Medium-Term Note Issuance Programme.

Why it Matters?

This measure is part of NDMC's objective to broaden its investor base and satisfy the Kingdom's financing needs efficiently and effectively through international debt capital markets.

Details

The total order book stood at over USD 11 billion, an oversubscription by 3.5 times. The Kingdom issued a total of USD 3.25 billion split into two tranches. The value of the first tranche stands at US...