The Ministry of Finance announced, through the National Debt Management Center, the receipt of investors’ subscriptions to its 6th international issuance under the Kingdom’s Global Medium-Term Note Program.
The issuance was more than 4 times oversubscribed, with total orders amounting to over $23 billion.
The Kingdom’s total issue stands at $5 billion (equivalent to SAR 18.75 billion), consisting of three tranches as follows:
1) The first 7-year tranche valued at $1 billion (SAR 3.75 billion) maturing in 2027.
2) The second 12-year tranche valued at $1.25 billion (SAR 4.68 billion) maturing in 2032.
3) The third 35-year tranche valued at $2.75 billion (SAR 10.31 billion) maturing in 2055.
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