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FinancialNews


  • 28-02-21

    Saudi National Debt Management Center reports receipt of subscriptions from investors

    (MENAFN)The receiving of subscriptions from investors for its second international issuance under the Kingdom’s Global Medium-Term Note Program in Euro was proclaimed by the Saudi National Debt Management Center (NDMC).

    The bond issuance stood at over three times oversubscribed, with an amount of orders surplus of 5 billion euros (USD6.11 billion).

    Saudi Arabia is going to set issue an amount of 1.5 billion euros in two tranches: 1 billion euros for three-year notes issued to be established in 2024, and 500 million euros for nine-year notes planned to mature in 2030.

    The euro-denominated issuance came in the framework of the NDMC’s efforts to reach to the Kingdom’s financing requirements in compliance with the targets of the fiscal policy and public debt plan, stated Saudi Minister of Finance and Acting Minister of Economy and Planning Mohammed Al-Jadaan.

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