RIYADH - The National Center for Debt Management announced the completion of receiving investor requests for the third international issuance during 2021 AD of sukuk and bonds within the Kingdom's international programs for issuing sukuk and the Saudi government's international bond program.

The total number of subscription requests reached more than 11 billion US dollars, and the coverage ratio exceeded more than 3.5 times the total issuance, as the total offering amounted to 3.25 billion US dollars (equivalent to 12.19 billion Saudi riyals) divided into two tranches, the first with a value of 2 billion US dollars (what The equivalent of 7.5 billion Saudi riyals) for 9.5-year sukuk maturing in 2031, while the second tranche amounted to 1.25 billion US dollars (equivalent to 4.69 billion Saudi riyals) for 30-year bonds maturing in 2051.

This step is part of the National Debt Management Center's strategy to expand the investor base; For the purpose of meeting the Kingdom's financing needs from the global debt markets efficiently and effectively, the volume of demand by international investors on government debt instruments reflects their confidence in the strength of the Saudi economy and the future of investment opportunities in it.