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Saudi Arabia closes January Sukuk issuance

Saudi Arabia closes January Sukuk issuance
Ministry of Finance

Riyadh – Mubasher: The Saudi Ministry of Finance announced that it has closed the January 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program.

The issuance size was set at SAR 6.720 billion, according to an official statement issued on Monday.

Moreover, the issuance was divided into two tranches, a SAR 715 million tranche that matures in 2027, while the second tranche was valued at SAR 6.005 billion, with a total tranche size of SAR 7.842 billion, which matures in 2030.