3rd Int’l Sukuk, Bonds Offering Pricing, successfully, Completed -NCDM Announce

The National Center for Debt Management (NCDM) announced that it has successfully completed the 3rd offering pricing, during 2021, in two tranches of the international sukuk and bonds programs.

That meant the completion of receiving investors requests for the third international issuance, during the Year 2021 of sukuk and bonds, within the Kingdom’s international programs for issuing international sukuk and bonds program.

The total number of subscription requests reached more than $11 billion, and the coverage ratio exceeded more than 3.5 times the total issuance, as the total offering amounted to $3.25 billion (equivalent to SR12.19 billion) divided into two tranches, the first with a value of $2 billion (equivalent of SR7.5 billion) for 9.5-year bonds, maturing in 2031, while the second tranche amounted to $1.25 billion (equivalent to SR4.69 billion) for 30-year bonds maturing, in 2051.

The step is a part of the strategy of the National Center for Debt Management to expand the investor base; for the purpose of, efficiently and effectively, meeting the Kingdom’s financing needs from the global debt markets, the volume of demand by international investors of government debt instruments, reflecting their confidence in the strength of the Saudi economy and the future of investment opportunities, in the Kingdom..