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  • 27-05-21

    Saudi Arabia issues USD3.1B of local currency sukuk in April

    (MENAFN)According to the Ministry of Finance, Saudi Arabia’s National Debt Management Center ended its local currency sukuk program for May marking SR3.53 billion (USD941 million) of the riyal-denominated debt.

    The ministry further stated that the majority of the debt, SR3.31 billion, matures in 2028, as the remaining SR225 million matures in 2033.

    S&P Global Ratings stated that the National Debt Management Center was set in 2015 after a very sharp decrease in oil prices in 2014. The government marked bonds and sukuk valued at over USD200 billion in the coming five years.

    Saudi Arabia marked USD3.1 billion of local currency sukuk in April and USD2.1 billion in March.

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