|17 September, 2019

Saudi Arabia raises $2.355bln in treasury sukuk- statement

The sukuk issuances were divided into three tranches

Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

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DUBAI  - Saudi Arabia has raised 8.834 billion Saudi Riyals in sukuk, or Islamic bonds, the Finance Ministry said in a statement on Tuesday.

The sukuk issuances were divided into three tranches, the first tranche has a size of 1.400 billion riyals, and a total tranche size of 4.648 billion riyals, maturing in 2028, the ministry said.

The second tranche has a size of 1.185 billion riyals, and a total tranche size of 11.012 billion riyals, maturing in 2031.

The third tranche has a size of 6.249 billion riyals, and a total tranche size of 15.496 billion riyals, maturing in 2049.

(Reporting by Asma Alsharif, editing by Louise Heavens) ((asma.alsharif@thomsonreuters.com; +20225783290; Reuters Messaging: asma.alsharif.reuters.com@reuters.net))

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