Arab News, Wednesday, Sep 15, 2021 | Safar 8, 1443
Saudi Arabia closes $1.7bn September sukuk program
Saudi Arabia:
The National Debt Management
Center (NDMC) has closed the September 2021 issuance under the Saudi Arabian
Government riyal-denominated sukuk program. The size was set at SR6.675
billion ($1.7 billion), NDMC said in a statement on Tuesday.
The issues were divided into three tranches: a
SR3.170 billion tranche, which matures in 2029, a SR2.855 billion tranche
which matures in 2033 and a SR650 million which matures in 2036.
Saudi Arabia had approximately SR854 billion debt
outstanding by year-end 2020, of which 59 percent are riyal-denominated and 41
percent in foreign currency, says NDMC on its website.
As per the 2021 Saudi budget, the deficit funding
requirement in 2021 is estimated to be SR141 billion, it says.