Saudi Arabia has completed a 7.27 billion riyal ($1.94 billion) sukuk, a Sharia-compliant bond, issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, the Ministry of Finance said in a statement on Tuesday.
The notes are split into four tranches with maturities in 2025, 2030, 2034, and 2049.
Also Read
-
Sukuk issuance remains steady for first nine months of 2019: Fitch
Sukuk, or Islamic bonds, issued from major Islamic markets has remained unchanged for the first nine months of 2019, compared to 2018, Fitch Ratings ... Financial Markets -
Emirate of Sharjah starts marketing 10-yr dollar sukuk: Document
Sharjah, the third-largest emirate of the United Arab Emirates, started marketing a 10-year dollar sukuk, or Islamic bonds, at around 185 basis points ... Financial Markets -
Blockchain to reduce cost and increase adoption of sukuk: Moody’s
Adopting blockchain would give significant advantages to the sukuk, or Sharia-compliant bond, industry, Moody’s Investors Service said on ... Technology
