Saudi Arabia’s Ministry of Finance Closes January 2021 Domestic Sukuk Issuance Worth SAR 2.955 Billion

Saudi Arabia’s National Debt Management Center, under the Ministry of Finance (MoF) has announced the closure of the January 2021 Sukuk issuance worth SAR 2.955 billion under the Saudi Arabian Government SAR-denominated Sukuk programme, according to a statement released on the 20th of January 2021.

The latest Sukuk issuance was divided into two fixed profit rate tranches, according to the MoF statement. The first tranche of the January 2021 issuance was sized at SAR 2.075 billion over a seven-year tenure with a final profit rate and final yield of 1.97% with a total tranche size of SAR 2.075 billion set to mature in January 2028.

Meanwhile, the second tranche was sized at SAR 880 million, with a final profit rate and final yield of 2.55% over a tenure of 12 y...