Saudi Arabia raises $1.53 bln in local sukuk: Finance ministry

The first tranche of the sukuk issue is 3.8 billion riyals. (File photo: AFP)

Saudi Arabia has raised 5.755 billion riyals ($1.53 billion) in sukuk, or Islamic bonds, the Finance Ministry said on Thursday.

The first tranche of the sukuk issue is 3.8 billion riyals, and the total tranche size is 6.549 billion, maturing in 2025, a ministry statement said.

The second tranche has a size of 1.95 billion riyals, and a total tranche size of 10.296 billion, maturing in 2030.

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Last Update: Wednesday, 20 May 2020 KSA 09:58 - GMT 06:58
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