Al-Jadaan: Issuing Debt Instruments with Negative Returns on Largest Tranche Issued Outside European Union Proves Saudi Arabia’s Economic and Financial Powers

Al-Jadaan: Issuing Debt Instruments with Negative Returns on Largest Tranche Issued Outside European Union Proves Saudi Arabia’s Economic and Financial Powers

The National Debt Management Center has announced the receipt of subscriptions from investors for its second international issuance under the Kingdom of Saudi Arabia's Global Note Program in Euro, during which the issuance was more than 3 times oversubscribed with total orders amounting to more than 5 billion Euro.

His Excellency the Minister of Finance and Acting Minister of Economy and Planning, Mr. Mohammed Al-Jadaan, said that the euro-denominated issuance comes within the framework of the Center's efforts to secure the Kingdom's financing needs in accordance with the objectives of the fiscal policy and the public debt strategy. He pointed out that the center took advantage of the opportunity to enter the Euro market, the second largest after the U.S. Dollar market, by issuing debt instruments with negative returns, making it the largest tranche issued with a negative return outside the European Union.

Al-Jadaan indicated that the high demands