Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) announced the receipt of subscriptions from investors for its seventh international issuance under the kingdom’s global medium-term note programme, through the National Debt Management Center.

The issuance was more than seven times oversubscribed, with total orders amounting to more than $54 billion, according to a ministry statement on Thursday.

Saudi Arabia will issue a total of $7 billion (SAR 26.25 billion) consisting of three tranches.

The first tranche, valued at $2.5 billion (SAR 9.37 billion) for five-year notes, maturing in 2025.

The second tranche, valued at $1.5 billion (SAR 5.62 billion) of 10-year notes will mature in 2030.

The third tranche is valued at $3 billion (SAR 11.25 billion) with 40-year notes maturing in 2060.