The Ministry of Finance announces the successful pricing of the fourth international issuance under the Kingdom of Saudi Arabia’s Global Medium-Term Note Programme. The total amount of the fourth issuance was U.S.$ 7.5 billion (equivalent to SAR 28.12 billion) consisting of two tranches of Notes as follows: U.S.$ 4 billion (equivalent to SAR 15 billion) 10 years Notes maturing 2029, U.S.$3.5 billion (equivalent to SAR 13.12 billion) 31 years Notes maturing 2050.
The issuance received significant interest from international investors, with the orderbook peaking at U.S.$ 27.5 billion (equivalent to SAR 103.12 billion). The issuance is expected to settle on or about 16 January 2019.
*This announcement is not being made in and copies of it may not be distributed or sent into the United States, Canada, Australia or Japan. This press release does not constitute an offer in the Kingdom of Saudi Arabia or any other countries, of the securities mentioned above. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Kingdom of Saudi Arabia does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. The securities will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.