The National Debt Management Center announces that it has closed the October 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 270 million (two hundred and seventy million SAR).
The Sukuk issuances were divided into two tranches as follows:
The first tranche has a size of SAR 235 million (two hundred and thirty five million SAR) and a total tranche size of SAR 782.8 million (seven hundred and eighty two million and eight hundred thousand SAR), matures in 2027.
The second tranche has a size of SAR 35 million (thirty five million SAR), and a total tranche size of SAR 7,650 billion (seven billion and six hundred and fifty million SAR), matures in 2032.