Saudi Arabia closes June sukuk program at $2.2bln: ministry

The issuance were divided into three tranches

  
A bundle of 500 and 100 Riyal banknotes in Saudi Arabia.  Image used for illustrative purpose.

A bundle of 500 and 100 Riyal banknotes in Saudi Arabia.  Image used for illustrative purpose.

Getty Images

CAIRO: Saudi Arabia's National Debt Management Center closed on Tuesday its issuance for June 2021 of the government's Saudi riyal-denominated sukuk, or Islamic bonds, program at a total of 8.265 billion riyal ($2.20 billion).

The issuance were divided into three tranches: The first tranche amounts to 2.755 billion riyal, matures in 2028. The second tranche is 4.650 billion riyal, matures in 2031. The third tranche is 860 million riyal, matures in 2035.

($1 = 3.7502 riyals)

(Reporting by Nayera Abdallah Editing by Chris Reese) ((Nayera.Abdallah@thomsonreuters.com;))


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