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Saudi Arabia’s NDMC closes May sukuk issuance at $1.15bn

May 24, 2023May 24, 2023 - by admin - Leave a Comment

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RIYADH: Saudi Arabia’s Nationwide Debt Administration Heart has closed the issuance of SR4.33 billion ($1.15 billion) riyal-denominated sukuk in Could.

The sukuk issuance was divided into two tranches. The primary tranche was SR1.3 billion maturing in 2033, whereas the second was SR3.03 billion maturing in 2037, NDMC mentioned in a press release issued on Tuesday.

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