Logo of theNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announced the successful completion of early repurchase of a portion of the issuer’s outstanding maturities for 2025, 2026, 2027, 2028, and 2029, with a total value of nearly SAR 60.4 billion. In addition, new Sukuk were issued with a total value of around SAR 60.3 billion.
According to NDMC statement, the new Sukuk issuances were divided into five tranches, with the following total values:
The first tranche: valued at SAR 21.5 billion, maturing in 2032
The second tranche: valued at SAR 1.8 billion, maturing in 2035
The third tranche: valued at SAR 14.2 billion, maturing in 2036
The fourth tranche: valued at SAR 5.9 billion, maturing in 2039
The fifth tranche: valued at SAR 16.9 billion, maturing in 2040
This initiative reflects NDMC’s ongoing efforts to strengthen the local market and enhance its role in managing government debt liabilities and future maturities.
It also aims to ensure that the NDMC’s efforts are aligned with other initiatives to support the Kingdom’s medium- and long-term public financial sustainability.
The statement indicated that the Ministry of Finance (the issuer) and the NDMC jointly appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Investment as joint lead managers for this issuance.
Logo of theNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announced the successful completion of early repurchase of a portion of the issuer’s outstanding maturities for 2025, 2026, 2027, 2028, and 2029, with a total value of nearly SAR 60.4 billion. In addition, new Sukuk were issued with a total value of around SAR 60.3 billion.
According to NDMC statement, the new Sukuk issuances were divided into five tranches, with the following total values:
The first tranche: valued at SAR 21.5 billion, maturing in 2032
The second tranche: valued at SAR 1.8 billion, maturing in 2035
The third tranche: valued at SAR 14.2 billion, maturing in 2036
The fourth tranche: valued at SAR 5.9 billion, maturing in 2039
The fifth tranche: valued at SAR 16.9 billion, maturing in 2040
This initiative reflects NDMC’s ongoing efforts to strengthen the local market and enhance its role in managing government debt liabilities and future maturities.
It also aims to ensure that the NDMC’s efforts are aligned with other initiatives to support the Kingdom’s medium- and long-term public financial sustainability.
The statement indicated that the Ministry of Finance (the issuer) and the NDMC jointly appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Investment as joint lead managers for this issuance.
