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Saudi NDMC closes SR sukuk programme; nets $658m

The National Debt Management Center (NDMC) has announced the closure of the April 2023 issuance under the Saudi government’s SR-denominated ukuk programme.

The total amount of bids received stood at SR2.471 billion ($658 million) and the allocated amount was also set at SR 2.471 billion.  The sukuk issuance was divided into two tranches as follows:

*The first tranche has a size of SR 1.919 billion, maturing in 2033.

*The second tranche has a size of SR 552 million, maturing in 2037.

Link: https://www.tradearabia.com/news/BANK_408363.html

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