The DMO have completed today the first 15-year public issuance in the history of the Kingdom, adding 3 maturity years from last month's issuance, and five years compared to 2018,The issuance, which was divided into two tranches of 10 and 15 years, was skewed towards the 15-year maturity, which accounted for 61% of the total issue. The issuance has also included the first ever international investor to invest in the Kingdom's Saudi Riyal Sukuk

The 15-year issuance represents a new benchmark for potential government and private sector issuers to enable them to price off the government’s extended yield curve. In addition to creating demand in the market (alongside the conventional bank lending) for these tenors, which will translate into a new source of financing, especially during the transformation that the economy of the Kingdom is undergoing, which could be used to support financing long-term projects such as infrastructure projects, mortgage market, and other types of long term projects.

All these achievements are in line with the Financial Sector Development Program to enable financial institutions to support private sector growth and meet the objectives of Vision 2030.