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Arab News, Wednesday, Aug 24, 2022 | Muharram 26, 1444

Saudi Arabia’s NDMC closes August issuance of sukuk program at $820m

Saudi Arabia: Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.09 billion ($820 million) SR-denominated sukuk in August.

The total value of bids stood at nearly SR5.08 billion, said NDMC in a statement.

The sukuk offering was divided into three tranches.

The first tranche has a size of SR1.69 billion maturing in 2027, while the second amounts to SR1.3 billion, which will mature in 2030.

The third tranche has a size of SR100 million, maturing in 2034.

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