Saudi Arabia raises SR8.495bn in sukuk, Finance ministry

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Saudi Arabia raises SR8.495bn in sukuk, Finance ministry

Saudi Arabia’s Ministry of Finance closed the book for its June 2020 sukuk (Islamic bonds) issuance program; raising SR8.495bn ($2.27bn), the ministry said in a statement carried by Saudi Press Agency reported on Sunday.

The sukuk issuances divided into three tranches:

The first tranche of the sukuk issue is SR2.494 billion, and the total tranche size is SR5.017 billion, maturing in 2027, a ministry statement said.

The second tranche has a size of SR3.670 billion, and a total tranche size of SR13.966 billion, maturing in 2030.

The third tranche has a size of SR2.331 billion, and a total tranche size of SR10.569 billion, maturing in 2035.

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