Sunday 27, May 2018 by Kudakwashe

Saudi Arabia re-opens sixth issue of Sukuk


Saudi Arabia Goverment has tapped the 2018-04 Islamic bond for the first time under the Saudi Arabian Government SAR-denomination.

The Sukuk size was set at SAR 3.95 billion bringing the total amount of the 2018-04 issuance to SAR 8.95 billion, according to Saudi Press Agency (SPA).

The Sukuk issuance were divided into three tranches, the first valued at SAR 3.35 billion and matures in 2023, the second worth SAR 0.35 billion and matures in 2025 and the third worth SAR 0.25 billion and matures in 2028 SPA added.



Features & Analyses