Riyadh Issue $3.25 bln, in Int’l Sukuk, Bonds

Saudi Arabia has returned to the global debt markets, once again, to raise billions of dollars fr issuing a debt mixture of international sukuk and bonds, media reports alleged.

Riyadh raised as much as $2 billion in sukuk, with a term of 9.5 year and a return of about 4.25%.

Saudi Arabia also priced international bonds, at about $1.25 billion, bringing the total proceeds of the offering to about $3.25 billion.

Saudi Arabia returned to the global debt markets to raise between 4-8 billion dollars, as the cost of financing, in the global debt markets is falling.