Logo of National Debt Management Center
The National Debt Management Center (NDMC) completed receiving investors' requests for the third international offering during 2021 for sukuk and bonds under the Kingdom's Global Trust Certificate Issuance Program and the Global Medium-term Note Issuance Program.
The total order book reached over $11 billion, which was oversubscribed 3.5 times, Saudi Press Agency reported, citing an NDMC statement.
The total offering amounted to SAR 12.19 billion ($3.25 billion), divided into two tranches.
The value of the first tranche is SAR 7.5 billion ($2 billion) for a 9.5-year sukuk maturing in 2031. The second tranche totaled SAR 4.69 billion ($1.25 billion) for a 30-year bond maturing in 2051.
This comes as part of NDMC's strategy to diversify the investor base and meet the Kingdom's financing needs from international debt capital markets.
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