Logo ofNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announced the completion the completion of its first US dollar-denominated international bond issuance in 2026 under the Kingdom of Saudi Arabia’s Global Medium Term Note Program, with a total value of $11.5B. 
The Center said total investor demand reached around $31B, representing a coverage ratio of 2.7x. The issuance value stood at $11.5B, equivalent to SAR 43.13B, and was divided into four tranches.
The first tranche amounted to $2.5B, equivalent to SAR 9.38B, with a three-year maturity due in 2029. The second tranche totaled $2.75B, equivalent to SAR 10.31B, with a five-year maturity due in 2031. The third tranche also stood at $2.75B, equivalent to SAR 10.31B, with a ten-year maturity due in 2036. The fourth tranche amounted to $3.5B, equivalent to SAR 13.13B, with a 30-year maturity due in 2056.
The Center said the issuance was executed in line with the recently announced annual borrowing plan. The plan aims to diversify the investor base and meet the Kingdom’s financing needs from global debt markets efficiently. The strong demand reflects international investors’ confidence in the resilience of the Saudi economy and future investment opportunities.
Logo ofNational Debt Management Center (NDMC)
The National Debt Management Center (NDMC) announced the completion the completion of its first US dollar-denominated international bond issuance in 2026 under the Kingdom of Saudi Arabia’s Global Medium Term Note Program, with a total value of $11.5B.
The Center said total investor demand reached around $31B, representing a coverage ratio of 2.7x. The issuance value stood at $11.5B, equivalent to SAR 43.13B, and was divided into four tranches.
The first tranche amounted to $2.5B, equivalent to SAR 9.38B, with a three-year maturity due in 2029. The second tranche totaled $2.75B, equivalent to SAR 10.31B, with a five-year maturity due in 2031. The third tranche also stood at $2.75B, equivalent to SAR 10.31B, with a ten-year maturity due in 2036. The fourth tranche amounted to $3.5B, equivalent to SAR 13.13B, with a 30-year maturity due in 2056.
The Center said the issuance was executed in line with the recently announced annual borrowing plan. The plan aims to diversify the investor base and meet the Kingdom’s financing needs from global debt markets efficiently. The strong demand reflects international investors’ confidence in the resilience of the Saudi economy and future investment opportunities.
