NDMC closes April issuance of sukuk program at SAR 2.47 bln

11/04/2023 Argaam
Logo ofNational Debt Management Center (NDMC)

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for April, under the Saudi Arabian Government SAR-denominated Sukuk Program.

 

The total orders amounted to nearly SAR 2.471 billion, with the total allocation reaching SAR 2.471 billion, NDMC said in a statement.

 

The issuance is divided into two tranches, the first is valued at SAR 1.919 billion, maturing in 2033. The second is valued at SAR 552 million and will mature in 2037.

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