Saudi raises $2.27bln in Islamic bonds – finance ministry

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First tranche of the issue is $665mln and the total tranche size is $1.33bln, maturing in 2027

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ISLAMIC FINANCE|29 JUNE, 2020Saudi raises $2.27bln in Islamic bonds – finance ministry
First tranche of the issue is $665mln and the total tranche size is $1.33bln, maturing in 2027

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

According to a statement on the finance ministry website, the sukuk issuances were divided into three tranches:

The first tranche of the issue is 2.494 billion riyals, and the total tranche size is 5.017 billion riyals, maturing in 2027.

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