NDMC, on behalf of the Ministry of Finance, announces the completion of the first partial repurchase of the Kingdom's outstanding U.S. dollar-denominated bonds maturing in 2023, 2025, and 2026 with a total value of USD 1.268 billion (equivalent to SAR 4.755 bn).
This transaction is being made as part of the Kingdom's effective sovereign debt management, which includes the pro-active management of its refinancing risk and debt maturities of the debt portfolio.
The National Debt Management Center announces that it has closed the October 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 270 million (two hundred and seventy million SAR).
The Sukuk issuances were divided into two tranches as follows:
The first tranche has a size of SAR 235 million (two hundred and thirty five million SAR) and a total tranche size of SAR 782.8 million (seven hundred and eighty two million and eight hundred thousand SAR), matures in 2027.
The second tranche has a size of SAR 35 million (thirty five million SAR), and a total tranche size of SAR 7,650 billion (seven billion and six hundred and fifty million SAR), matures in 2032.
*Numbers are rounded to the nearest decimal.