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Saudi Arabia’s National Debt Management Center Closes SAR 4.699 Billion SAR-denominated Sukuk Issuance for December 2022 

Saudi Arabia’s National Debt Management Center Closes SAR 4.699 Billion SAR-denominated Sukuk Issuance for December 2022 

December 23, 2022 | Updated at December 23, 2022

https://islamicmarkets.com/index.php/articles/saudi-arabia-s-national-debt-management-center-closes-sar-4-699-billion
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By IM Insights

The Kingdom of Saudi Arabia's (Saudi Arabia) National Debt Management Center (NDMC) has announced the closure of an SAR 4.699 billion (USD 1.25 billion) Sukuk issuance for December 2022 under the Saudi Arabian Government's SAR-denominated Sukuk Programme, as disclosed on the 20th of December 2022.

Why it Matters?

The offerings received bids totalling SAR 11.082 billion (USD 2.95 billion) and was split into two tranches, namely an SAR 4.094 billion (USD 1.09 million) issuance and an SAR 605 million offering, with respective maturity dates of 2032 and 2037. In July 2017, the Sukuk Programme was launched by the Saudi Finance Ministry via NDMC in response to the growing demand for domestic and international fixed-income markets that offer secure and guaran...