Saudi finance ministry completes domestic sukuk issuance

30/06/2018 Argaam

 

Saudi Arabia’s ministry of finance completed a sukuk issuance of additional investors applications, after re-opening an issue originally made in April, under the Saudi Arabian government SAR-denominated sukuk program, Saudi Press Agency (SPA) reported.

 

The issuance size was set at SAR 3.1 billion, bringing the sukuk issuance to the total of SAR 12.05 billion.

 

The sukuk issuance was divided into three tranches: the first tranche amounts to 9.425 billion and matures in 2023; the second tranche amounts to SAR 1.5 billion and matures in 2025; and the third tranche amounts to SAR 1.15 billion and matures in 2028.

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