NDMC Announces Completion of First Partial Repurchase Offer for the Kingdom’s Dollar-Denominated Bonds

  • 2/5/2023
  • 00:50
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Riyadh, October 25, 2022, SPA -- In reference to the National Debt Management Center (NDMC) previous announcement on the 19th of October 2022, regarding its arrangement of the first partial repurchase offer for the Kingdom’s dollar-denominated bonds and the U.S. dollar-denominated issuance of Sukuk and bonds maturing in 2028 and 2032, respectively, with a total value of USD 5 billion. NDMC, on behalf of the Ministry of Finance, announces the completion of the first partial repurchase of the Kingdom’s outstanding U.S. dollar-denominated bonds maturing in 2023, 2025, and 2026 with a total value of USD 1.268 billion (equivalent to SAR 4.755 bn). This transaction is being made as part of the Kingdom's effective sovereign debt management, which includes the pro-active management of its refinancing risk and debt maturities of the debt portfolio. --SPA 21:40 LOCAL TIME 18:40 GMT 0051 www.spa.gov.sa/w1802782

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