NDMC closes May sukuk issuance at SAR 4.34 bln
- Date: 23-May-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
NDMC closes May sukuk issuance at SAR 4.34 bln
The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for May, under the Saudi Arabian Government SAR-denominated Sukuk Program.
The total value of investor bids reached nearly SAR 4.339 billion, while the total amount allocation stood at SAR 4.339 billion, NDMC said in a statement.
The issuance is divided into two tranches, the first is valued at SAR 1.30 billion, maturing in 2033. The second is valued at SAR 3.03 billion and will mature in 2037.
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