Saudi Arabia reopens 6th sukuk issue – MoF

Saudi Arabia reopens 6th sukuk issue – MoF
The additional issues were divided into three tranches

Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) announced finishing receiving investors’ additional bids for its local sukuk issue by reopening the six Islamic bond issuance, a part of the government SAR-denominated sukuk programme.

The six Saudi sukuk issue had been firstly sold in April 2018, according to the ministry’s data.

The six issue's additional volume was set at SAR 3.95 billion, bringing the total volume of the issuance to SAR 8.95 billion, the MoF said in a statement.

The additional issues were divided into three tranches. The first tranche stands at SAR 3.35 billion, maturing in 2023, it added.

The second SAR 350 million tranche matures in 2025, while the third tranche amounts to SAR 250 million and matures in 2028.

Source: Mubasher

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