|22 August, 2019

Saudi Arabia sells $613mln in sukuk monthly issuance

The debt sale was split into three tranches of $373mln due in 2024, 258 million riyals due in 2028 and 588 million maturing in 2034

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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RIYADH  - Saudi Arabia sold 2.3 billion riyals ($613 million) in sukuk, or Islamic bonds, in its local monthly issue for July, the Finance Ministry said on Thursday.

The debt sale was split into three tranches of 1.4 billion riyals due in 2024, 258 million riyals due in 2028 and 588 million maturing in 2034. ($1 = 3.75 riyals) ($1 = 3.7503 riyals)

(Reporting by Hadeel Al Sayegh; Editing by Saeed Azhar) ((marwa.rashad@thomsonreuters.com; +966114868476; Reuters Messaging: marwa.rashad.thomsonreuters.com@reuters.net))

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