Saudi Finance Ministry prices first euro- denominated issue

03/07/2019 Argaam

 

The Ministry of Finance announced pricing its first euro- denominated and the fifth international issuance under the Kingdom of Saudi Arabia’s Global Medium-Term Note Program. 

 

The total amount of the euro-denominated issuance stood at 3 billion euros (SAR 12.7 billion).

 

The issue is divided into two tranches; 1 billion euros (SAR 4.2 billion) for eight-year term, maturing in 2027, and 2 billion euros, (SAR 8.4 billion) for 20-year term, maturing in 2039.

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