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Saudi Arabia raises $2.27 billion in Islamic bonds

29 Jun 2020
Saudi bank notes. (Shutterstock)
Saudi bank notes. (Shutterstock)
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Updated 29 Jun 2020
29 Jun 2020

CAIRO: Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June, the finance ministry said on Sunday.

The first tranche of the sukuk issue is 2.494 billion riyals, and the total tranche size is 5.017 billion riyals, maturing in 2027, a ministry statement said.

The second tranche has a size of 3.670 billion riyals , and a total tranche size of 13.966 billion riyals, maturing in 2030. The third tranche has a size of 2.331 billion riyals, and a total tranche size of 10.569 billion riyals, maturing in 2035.

Reuters

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