Riyadh – Mubasher: Saudi Arabia has completed its sixth Eurobond issuance, and the first in 2020, through the National Debt Management Center.

The $5 billion bonds were oversubscribed four times with order books reaching a total value of more than $23 billion.

According to the Saudi Ministry of Finance’s Debt Management Office (DMO), the $5 billion (SAR 18.75 billion) issuance was distributed over three tranches.

The first tranche was valued at $1 billion and matures in 2027, the second was 12-year bonds valued at $1.25 billion, and the third was a $2.75 billion 35-year tranche that matures in 2055.