Tap offering under Saudi Arabian Government SAR-denominated Sukuk Program - fourth local Sukuk Issuance

الثلاثاء 1439/3/10 هـ الموافق 2017/11/28 م واس
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Riyadh, , Rabi'I 10, 1439, November 28, 2017, SPA -- The Ministry of Finance announces that it has completed a tap issuance of the 2017-10 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The additional subscription applications for these Sukuk were almost SAR 19.8 Billion.
The tap issuance size was set at SAR 6.68 billion, resulting in 296% coverage ratio. This brings the total amount of the 2017-10 issuance to SAR 16.68 billion.
The further Sukuk issued were divided into three tranches as follows:
- The first tranche has a size of SAR 1.050 billion and matures in 2022G.
- The second tranche has a size of SAR 3.530 billion and matures in 2024G.
- The third tranche has a size of SAR 2.100 billion and matures in 2027G
--SPA
12:57 LOCAL TIME 09:57 GMT