Arab News, Thursday, Jan 12, 2023 | Jamadi Al Thani 19, 1444
NDMC closes $10bn bond offering, receives over $38bn in bids
Saudi Arabia’s National Debt Management Center has received more than $38
billion in bids for its dollar-denominated bonds issuance, as it announced the
completion of receiving investor requests for this year’s first international
The issuances were made under the Kingdom’s Global
Medium-Trust Note Issuance Program, NDMC said in a statement on Wednesday.
The Kingdom issued a total of $10 billion (SR 37.5
billion) divided into three tranches.The first tranche is valued at $3.25
billion for a five-year bind maturing in January 2028, the second valued at $3.5
billion for a 10.5 year bond maturing in 2033 while $3.25 billion for a 30-year
bond maturing in January 2053.
The debt management center, on behalf of the
Ministry of Finance, also announced its arrangement of the first partial
repurchase offer for the Kingdom’s dollar-denominated bonds maturing in 2023,
2025 and 2026.
The tender offers are being made as part of the
Kingdom’s debt management exercise, which includes the pro-active management of
its refinancing risk and debt maturities of the debt portfolio, the statement
The repurchase amounts will be announced upon
completion of the offers’ window on Oct. 24, it added.