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Saudi MoF closes January issue of local Sukuk Program at SAR 2.95bn

Saudi MoF closes January issue of local Sukuk Program at SAR 2.95bn
The Sukuk issuances were divided into two tranches.

Riyadh – Mubasher: The Saudi National Debt Management Center (NDMC), affiliated to the Ministry of Finance (MoF), has closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program.

The issuance size was set at SAR 2.955 billion, according to a statement on Wednesday.

The Sukuk issuances were divided into two tranches. The first tranche has a size of SAR 2.075 billion and a total tranche size of SAR 2.075 billion and matures in 2028.

The second tranche, which matures in 2033, has a size of SAR 880 million and a total tranche size of SAR 880 million.