Saudi Arabia closes January domestic sukuk issuance worth $790m

  • 1/20/2021
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The issue size was set at SR2.96 billion ($790 million) RIYADH: The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry of Finance said in a statement today, Jan. 20, 2021. The issue size was set at SR2.96 billion ($790 million), and the sukuk issuances were divided into two tranches as follows: - The first tranche, with a size of SR2.08 billion and a total tranche size of SR2.08 billion, matures in 2028. - The second tranche, with a size of SR880 million and a total tranche size of SR880 million, matures in 2033.

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