Saudi Arabia’s NDMC closes SAR 3.2bn sukuk issuance
- Date: 22-May-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Arabia’s NDMC closes SAR 3.2bn sukuk issuance
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed SAR 3.23 billion sukuk issuance.
The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the Saudi Press Agency (SPA).
The initial tranche, valued at SAR 71 million, is slated to mature in 2029.
Meanwhile, the subsequent tranche, with a substantial value of SAR 3.16 billion, is set to mature in 2036.
Saudi Arabia’s NDMC closes SAR 3.2bn sukuk issuance
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