Saudi Arabia sells SAR 3.95 bln in domestic sukuk

27/05/2018 Argaam

 

Saudi Arabia’s Ministry of Finance has sold SAR 3.95 billion worth of domestic sukuk under the Saudi Arabian government SAR-denominated sukuk program.

 

The 2018-04 sukuk issuance was divided into three tranches: the first one valued at SAR 3.35 billion, maturing in 2023; the second tranche worth SAR 350 million, maturing in 2025; and the third was set at SAR 250 million, maturing in 2028, according to a statement published by Saudi Press Agency on Saturday.

 

The new issuance brings the total amount of the 2018-04 issuance to SAR 8.950 billion. In April, the finance ministry had raised SAR 5 billion worth of domestic sukuk.

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