Saudi Arabia redeems $9.13bln outstanding bonds – ZAWYA

SectorFinancial Markets
CountrySaudi Arabia

Saudi Arabia redeems $9.13bln outstanding bonds The first tranche, valued at $2.39bln, will mature in 2024    Riyadh –  Saudi Arabia has completed an early redemption of a portion of outstanding bonds maturing in August, September, November, and December of this year worth SAR 34.26 billion, and further issued new Sukuk under its local Sukuk programme.The new Sukuk issuances include four tranches with a total value of SAR 34.645 billion, according to a press release.The first tranche, valued at SAR 8.970 billion, will mature in 2024, the second tranche worth SAR 6.025 billion will be due in 2028, while the third and the fourth tranches worth SAR 6.5 billion and SAR 13.150 billion will mature in 2032 in 2035, respectively.Moreover, HSBC Saudi Arabia and Samba Capital & Investment Management more...