‎NDMC closes September issuance of SAR-denominated sukuk program at SAR 8.04B

‎NDMC closes September issuance of SAR-denominated sukuk program at SAR 8.04B ‎NDMC closes September issuance of SAR-denominated sukuk program at SAR 8.04B

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Logo ofThe National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for September, under the Saudi Arabian Government SAR-denominated Sukuk Program.

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The total allocated amount was set at SAR 8.036 billion, while total subscription requests reached SAR 11.2 billion.

In its statement, NDMC said the issuance was divided into five tranches. The first tranche totaled SAR 1.24 billion, maturing in 2027, while the second reached SAR 1.05 billion, maturing in 2029. The third tranche was valued at SAR 795 million and will mature in 2032, followed by a fourth tranche of SAR 1.27 billion, maturing in 2036. The fifth and largest tranche amounted to SAR 3.67 billion, with maturity set for 2039.

 

Logo ofThe National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for September, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total allocated amount was set at SAR 8.036 billion, while total subscription requests reached SAR 11.2 billion.

In its statement, NDMC said the issuance was divided into five tranches. The first tranche totaled SAR 1.24 billion, maturing in 2027, while the second reached SAR 1.05 billion, maturing in 2029. The third tranche was valued at SAR 795 million and will mature in 2032, followed by a fourth tranche of SAR 1.27 billion, maturing in 2036. The fifth and largest tranche amounted to SAR 3.67 billion, with maturity set for 2039.

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