Saudi Arabia closes November SAR 1.41 bln sukuk issuance

26/11/2019 Argaam

 

The Debt Management Office (DMO) of the Ministry of Finance announced that it has closed the November 2019 issuance under the Saudi Arabian Government SAR-denominated sukuk program.

 

The issuance size was set at SAR 1.415 billion, the ministry said in a statement.

 

The sukuk issuances were divided into three tranches as follows:

 

- The first tranche has a size of SAR 1.285 billion and a total tranche size of SAR 2.415 billion, maturing in 2025.

 

- The second tranche has a size of SAR 50 million, and a total tranche size of SAR 2.678 billion, maturing in 2028.

 

- The third tranche has a size of SAR 80 million, and a total tranche size of SAR 11.091 billion, maturing in 2031.

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