Saudi Sukuk first global issue in high demand
The Saudi Ministry of Finance has received considerable demand for the first international Sukuk
Riyadh - BNA
The Saudi Ministry of Finance has received considerable demand for the first international Sukuk issue with an order logbook from investors in excess of $33 billion (equivalent to SAR 123.75 billion).
The total amount of the issue has been sized At US $ 9 billion (equivalent to SAR 33.75 billion), according to the Saudi News Agency (SPA).
This consist of two tranches of certificates, $ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2022 and $4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2027.
This reflects the strong fundamentals of the Saudi economy, and illustrates the role of the Debt Management Office "DMO" as part of Saudi Vision 2030, SPA reported.
Source: BNA
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