Saudi finance ministry closes book on March sukuk issuance — agency

Reuters
Saudi Arabia's Ministry of Finance announced it has closed the March 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SR6.075bn. (File photo/AP)

JEDDAH: Saudi Arabia’s finance ministry has closed the book for investors seeking to take part in its March 2019 sukuk issuance program, which aims to raise 6.075 billion riyals ($1.62 billion), the Saudi press agency reported on Monday.
The sukuk are divided into two tranches of 10 and 15 years. The first tranche is for 2.395 billion riyals of 10-year bonds, and the second is for 3.680 billion riyals of 15-year bonds to mature by 2034.

Topics: Sukuk 2030 Economy economy 2030