Saudi Tadawul to begin trading on $925mln government debt instruments

The debt instruments are distributed on three tranches

  
Image for illustrative purposes. A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.

Image for illustrative purposes. A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.

REUTERS/Faisal Al Nasser

RiyadhThe Saudi Stock Exchange (Tadawul) will list and start trading on government debt instruments with a combined value of SAR 3.47 billion ($925 million).

The debt instruments are distributed on three tranches. The first one’s number is 5-7-2018 at a value of SAR 2.1 billion, while the second tranche is under the number 7-7-2018 with an amount of SAR 962 million.

The third tranche’s number is 10-7-2018 at a value of SAR 403 million, the Saudi bourse noted.

On Thursday, 26 July, Tadawul announced approving the Ministry of Finance’s (MoF) request to list debt instruments.

Source: Mubasher

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