Saudi Arabia raises $2.5bln with sukuk - ministry

Orders for the deal had peaked to nearly $13bln

  
A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. Image used for illustrative purpose.

A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser

DUBAI: Saudi Arabia raised $2.5 billion through sukuk, or Islamic bonds, that attracted more than $13 billion in demand, the Saudi Finance Ministry said in a statement on Wednesday.

"The level of investor demand demonstrates that the kingdom represents the region’s safe haven for fixed income investors," the statement said.

The sukuk mature in 2029 and were arranged by JPMorgan, Standard Chartered and Bank Al Jazira Capital. 

(Reporting by Davide Barbuscia; Editing by Alison Williams) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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