Saudi Arabia closes September domestic sukuk issuance worth SAR 8.8 bln

17/09/2019 Argaam

 

Saudi Arabia’s Ministry of Finance has closed its September 2019 sukuk issuance under the government’s riyal-denominated sukuk program, with the issuance size set at SAR 8.8 billion, the ministry said in a statement.

 

The issuance was divided into three tranches as follows:

 

The first tranche was valued at SAR 1.400 billion, bringing the total tranche size to SAR 4.648 billion, maturing in 2028.

 

The second tranche was worth SAR 1.185 billion, bringing the total tranche size to SAR 11.012 billion, maturing in 2031.

 

The third tranche amounted to SAR 6.249 billion, bringing the total tranche size to SAR 15.496 billion, maturing in 2049.

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