Saudi's NDMC closes January issuance of Sukuk program

Logo of the National Debt Management Center 

The National Debt Management Center (NDMC) announced that it completed receiving investor applications for its domestic issuance for January, under the Saudi Arabian Government SAR-denominated Sukuk Program.

NDMC stated that it set the issuance size at SAR 2.83 billion.

The issuance is divided into two tranches, the first is valued at SAR 1.25 billion, maturing in 2030, while the second SAR 1.59 billion tranche will mature in 2034.