Saudi Arabia closes March Sukuk issuance

The first tranche of $45.33mln and a total tranche size of $731mln, matures in 2025

Image used for illustrative purpose.

Image used for illustrative purpose.

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Riyadh –  The Saudi Ministry of Finance has closed the March 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk program.

With an issuance size of SAR 15.568 billion, the offering was through three tranches, according to a statement by the Ministry of Finance.

The first tranche of SAR 170 million and a total tranche size of SAR 2.743 billion, matures in 2025.

The second tranche with a size of SAR 504 million, and a total tranche size of SAR 8.346 billion, matures in 2030, while the third tranche with a total size of SAR 14.894 billion matures in 2050.

Source: Mubasher

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