Saudi Arabia raises SR8.495 billion in sukuk: Finance ministry
Saudi Arabia’s Ministry of Finance has closed the book for its June 2020 sukuk (Islamic bonds) issuance program, raising SR8.495 billion ($2.27 billion), the ministry said in a statement carried by Saudi Press Agency reported on Sunday.
The sukuk issuances were divided into three tranches.
The first tranche of the sukuk issue is SR2.494 billion, and the total tranche size is SR5.017 billion, maturing in 2027, a ministry statement said.
The third tranche has a size of SR2.331 billion, and a total tranche size of SR10.569 billion, maturing in 2035
Courtesy By :https://saudigazette.com.sa/