Saudi Tadawul approves listing $190.6mln government debt
Listing and trading the government debt instruments shall commence starting from January 29, 2020
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.
By Staff Writer, Mubasher
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has issued its resolution approving the listing of debt instruments, as per the request of the Saudi Ministry of Finance.
The listed debt instruments, issuance number 07-01-2020, have a total value of around SAR 715.005 million, according to a statement by Tadawul on Monday.
Accordingly, listing and trading the government debt instruments shall commence starting from Wednesday 29 January 2020, the statement noted.
The Saudi Ministry of Finance revealed earlier today that it has closed the January 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, with an issuance size of SAR 6.720 billion.
The issuance was divided into two tranches, a SAR 715 million tranche that matures in 2027, and a second tranche that was valued at SAR 6.005 billion, with a total tranche size of SAR 7.842 billion, which matures in 2030.
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