Logo ofNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announces the completion of an international Euro-denominated bond issuance under the Kingdom’s Global Medium-Term Note Issuance Program with a total value of EUR 2.25 billion. 
The total order book reached around EUR 10 billion, which equals an oversubscription of four times of the total issuance, which was issued in two tranches, including an inaugural green tranche, the center said in a statement.
The value of the green tranche is at EUR 1.5 billion for a seven-year bond maturing in 2032, while the second tranche totaled EUR 750 million for a 12-year bond maturing in 2037.
This issuance is considered the Kingdom government’s first issuance to include an inaugural green tranche and is part of an initiative under the Financial Sector Development Program aimed at supporting the Kingdom’s ambitious sustainability goals and achieving net-zero emissions, the statement added.
Logo ofNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announces the completion of an international Euro-denominated bond issuance under the Kingdom’s Global Medium-Term Note Issuance Program with a total value of EUR 2.25 billion.
The total order book reached around EUR 10 billion, which equals an oversubscription of four times of the total issuance, which was issued in two tranches, including an inaugural green tranche, the center said in a statement.
The value of the green tranche is at EUR 1.5 billion for a seven-year bond maturing in 2032, while the second tranche totaled EUR 750 million for a 12-year bond maturing in 2037.
This issuance is considered the Kingdom government’s first issuance to include an inaugural green tranche and is part of an initiative under the Financial Sector Development Program aimed at supporting the Kingdom’s ambitious sustainability goals and achieving net-zero emissions, the statement added.
