Saudi Arabia sells $1.27 bln of domestic sukuk

24/12/2017 Argaam

 

Saudi Arabia’s finance ministry has issued SAR 4.78 billion ($1.27 bln) in domestic sukuk by reopening its monthly sale– originally launched in October– for the second time.

 

Applications for the offer amounted to SAR 10.325 billion, the ministry said in a statement.

 

The sukuk issue was divided into three tranches: the first one valued at SAR 2.4 billion, maturing in 2022; the second tranche worth SAR 1.8 billion, maturing in 2024; and the third tranche set at SAR 575 million, maturing in 2027. 

 

Last month, the ministry sold SAR 6.68 billion of sukuk in the first re-opening of the issue. In October, the ministry sold SAR 10 billion from its fourth domestic sukuk issue.

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