Finance ministry completes pricing of 7th international note issuance totaling $7 bln

16/04/2020 Argaam

 

The Ministry of Finance announced, through the National Debt Management Center, the receipt of investors’ subscriptions to its 7th international issuance under the Kingdom’s Global Medium-Term Note Program.

 

The issuance was more than 7 times oversubscribed, with total orders amounting to over $54 billion.

 

The Kingdom’s total issue stands at $7 billion (equivalent to SAR 26.25 billion), consisting of three tranches as follows:

 

- The first 5-year tranche valued at $2.5 billion (SAR 9.37 billion) maturing in 2025.

 

- The second 10-year tranche valued at $1. 5 billion (SAR 5.62 billion) maturing in 2030.

 

- The third 40-year tranche valued at $3 billion (SAR 11.25 billion) maturing in 2060.

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