The National Debt Management Center Announces the Successful completion of the 3rd International Offering During the Year 2021 as Dual Tranche Under both Sukuk and GMTN Programme with a Total Value of USD 3.25 billion.

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11/10/2021

The National Debt Management Center (NDMC) announced the completion of receiving investors’ requests for the third international issuance during the year 2021 for Sukuk and bonds under the Kingdom’s Global Trust Certificate Issuance Programme and the Global Medium-term Note Issuance Programme.

The total order book reached over USD 11 billion, which oversubscribed 3.5 times. The Kingdom issue a total of USD 3.25 billion (equivalent to SAR 12.19 billion) divided into two tranches. The value of the first tranche is at USD 2 billion (equivalent to SAR 7.5 billion) for a 9.5-year Sukuk maturing in 2031, while the second tranche totaled USD 1.25 billion (equivalent to SAR 4.69 billion) for a 30-year bond maturing in 2051.

This step is part of NDMC’s strategy to diversify the investor base and meet the Kingdom's financing needs from international debt capital markets efficiently and effectively. The bid-to-cover ratio reflects the strong demand of the Kingdom’s issuances, confirming the investors’ confidence in the reliability of the Kingdom’s economy.

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Last Update : 11/10/2021 5:45 PM

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The National Debt Management Center Announces the Successful completion of the 3rd International Offering During the Year 2021 as Dual Tranche Under both Sukuk and GMTN Programme with a Total Value of USD 3.25 billion.