Al-Marsad newspaper – Reuters: A bank document showed that Saudi Arabia raised $ 6 billion yesterday, Monday, from the sale of international sukuk.
The document issued by one of the senior managers of the offering stated that Saudi Arabia sold sukuk in two tranches, each worth $3 billion, for six and ten years.
The document added that the Kingdom sold the six-year tranche at a premium of 80 basis points over US Treasury bonds and the ten-year tranche at a premium of 100 basis points over US Treasury bonds, which is less than the guiding price it set yesterday, Monday, in light of the strong demand from investors.
The volume of orders, which were also available to investors in the United States, exceeded $ 27 billion before the start of the offering, according to a separate bank document.
The proceeds of the sale will be used for the purposes of the local general budget.
2023-05-16 14:16:46
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