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 Strong demand for first international Saudi Sukuk

The Ministry of Finance received significant interest for the first international issuance of the Sukuk programme with an orderbook from investors in excess of U.S.$ 33 billion (equivalent to SAR 123.75 billion). The total amount of the issuance has been sized at U.S.$ 9 billion (equivalent to SAR 33.75 billion ). This consisted of two tranches of certificates, U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2022 and U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2027.
 
This reflects the strong fundamentals of the Saudi economy, and illustrates the DMO’s role as part of Vision 2030.
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Last Update : 4/15/2017 5:47 PM