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The National Debt Management Center has announced the receipt of subscriptions from investors for its second international issuance under the Kingdom of Saudi Arabia's Global Medium-Term Note Program in Euro.

 

The issuance was more than 3 times oversubscribed, with total orders amounting to more than 5 billion Euro. The Kingdom will issue a total of 1.5 billion Euros (equivalent to SAR 6.83 billion), consisting of two tranches as follows: 1billion Euro (equivalent to SAR 4.55 billion) for 3 year notes maturing 2024, 0.5 billion Euro (equivalent to SAR 2.28 billion) for 9 year notes maturing 2030.