|22 October, 2019

Saudi Arabia issues nearly $2bln in local sukuk

The notes are split into four tranches with maturities ranging from 2025 to 2049

Image used for illustrative purpose. Magnifying glass and banknote Saudi Arabia.

Image used for illustrative purpose. Magnifying glass and banknote Saudi Arabia.

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DUBAI - Saudi Arabia has issued 7.265 billion riyals ($1.94 billion) in domestic sukuk, or Islamic bonds, the Ministry of Finance said in a statement on Tuesday.

The notes are split into four tranches with maturities ranging from 2025 to 2049.

($1 = 3.7507 riyals)

(Reporting by Davide Barbuscia; Editing by Susan Fenton) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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