The National Debt Management Center announces that it has closed the June 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 8.265 Billion (Eight Billion and two hundred fifty six Million SAR).
The National Debt Management CenterThe Sukuk issuances were divided into three tranches as follows:
• The first tranche has a size of SAR 2.755 Billion (Two Billion and seven hundred fifty five Million SAR), matures in (2028).
(NDMC) was awarded the “Sovereign Treasury & Funding Team of the Year" award at the annual Bonds, Loans & Sukuk Middle East awards ceremony held in Dubai on the 8th June 2022.
• The second tranche has a size of SAR 4.650 Billion (Four Billion six hundred and fifty Million SAR), matures in (2031).NDMC winning of this award is a testament to Saudi Arabia's ability to meet investors' expectations while accessing debt markets to secure the Kingdom's needs in the short, medium and long term at fair costs.
• The third tranche has a size of SAR 860 Million (Eight hundred and sixty Million SAR), matures in (2035).This award demonstrates the efforts of the Kingdom in developing the local debt market and is expected to promote and enhance demand for Saudi Sukuk and Bond issuances.
*Numbers are rounded to the nearest decimal.