Saudi Arabia’s National Debt Management Center Concludes SAR 3.12 Billion Sukuk Issuance

The Kingdom of Saudi Arabia’s (Saudi Arabia) National Debt Management Center has announced the closure of its October SAR-denominated Sukuk worth SAR 3.12 billion (USD 832 million), as per a statement by the establishment on the 18th of October 2022.

Why it Matters?

The offering received SAR 700 million (USD 186 million) in total bids and was made up of three sukuk tranches. The first tranche is worth SAR 300 million (USD 80 million) and matures in 2029; the second tranche is worth SAR 300 million (USD 80 million) and matures in 2032. The third tranche is worth SAR 100 million and will mature in 2037.

Details

According to the country's Ministry of Finance, Saudi Arabia's total public debt as of the end of the second quarter of...