Saudi Arabia raises $1.53bln in local sukuk -statement

The first tranche of the sukuk issue is $1.01bln, and the total tranche size is $1.74bln, maturing in 2025

  
Image used for illustrative purpose

Image used for illustrative purpose

REUTERS/Fadi Al-Assaad

CAIRO - Saudi Arabia has raised 5.755 billion riyals ($1.53 billion) in sukuk, or Islamic bonds, the Finance Ministry said on Thursday.

The first tranche of the sukuk issue is 3.8 billion riyals, and the total tranche size is 6.549 billion, maturing in 2025, a ministry statement said.

The second tranche has a size of 1.95 billion riyals, and a total tranche size of 10.296 billion, maturing in 2030.

(Reporting by Hesham Abdul Khalek Editing by Mark Heinrich) ((Hesham.AbdulKhalek@thomsonreuters.com;))

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