Saudi local Sukuk oversubscribed $2.35bn


The Saudi National Debt Management Center announced receiving bids to the tune of SAR 8.84 billion for its local currency-denominated Sukuk programme, against its target of SAR 3.47 billion.

The Centre also announced the closure of January 2023 debt issuance under this programme.

The Sukuk issuance was divided into two tranches: the first tranche with a size of SAR1.26 billion maturing in 2030, and the second tranche of SAR2.2 billion maturing in 2035.

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