Saudi’s National Debt Management Center Closes April Issuance of USD 2.7 Billion Riyal-Denominated Sukuk

Saudi’s National Debt Management Center Closes April Issuance of USD 2.7 Billion Riyal-Denominated Sukuk

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The Kingdom of Saudi Arabia’s (KSA) National Debt Management Center (NDMC) announced on the 19th of April 2022 that it had closed its April 2022 Sukuk issuance of SAR 9.98 billion (USD 2.7 billion) under the Saudi Arabian Government SAR-denominated Sukuk Programme.

Why it Matters?

Under the programme, the NDMC has successfully closed three previous issuances in 2022, in January, February, and March, sized SAR 2.83 billion (USD 755 million), SAR 13.18 billion (USD 3.5 billion), and SAR 10.38 billion (USD 2.8 billion), respectively.

Details

The issuance consisted of two tranches, the first tranche had a size of SAR 6.4 billion (USD 1.7 billion) with a maturity date set for 2032, while the second tranche had a siz...