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USD1.78b sale as Saudi Arabia reopens sukuk
(MENAFN) Islamic bonds of USD1.78 billion have been issued by Saudi Arabia as it reopened a domestic sukuk issue that it originally made in October, said the finance ministry on Tuesday.
The bond tap brings the October sukuk issue to a total of 16.68 billion riyals.
The tap, split into three tranches, attracted 19.8 billion riyals of demand, the ministry said.
Amounting to 1.05 billion riyals, the first tranche matures in 2022, where the second tranche, due in 2024, is 3.53 billion riyals while the third tranche, due in 2027, is 2.1 billion riyals.
The bond tap brings the October sukuk issue to a total of 16.68 billion riyals.
The tap, split into three tranches, attracted 19.8 billion riyals of demand, the ministry said.
Amounting to 1.05 billion riyals, the first tranche matures in 2022, where the second tranche, due in 2024, is 3.53 billion riyals while the third tranche, due in 2027, is 2.1 billion riyals.
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