Saudi Arabia closes September domestic sukuk issuance worth SAR 8.8 bln

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.