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The National Debt Management Center has announced the receipt of subscriptions from investors for its eighth international issuance under the Kingdom of Saudi Arabia's Global Medium-Term Note Programme.
The issuance was more than 4 times oversubscribed, with total orders amounting to more than USD 22 billion. The Kingdom will issue a total of USD 5 billion (equivalent to SAR 18.75 billion), consisting of two tranches as follows: USD 2.75 billion (equivalent to SAR 10.3 billion) for 12 year notes maturing 2033, USD 2.25 billion (equivalent to SAR 8.4 billion) for 40 year notes maturing 2061.
The issuance was more than 4 times oversubscribed, with total orders amounting to more than USD 22 billion. The Kingdom will issue a total of USD 5 billion (equivalent to SAR 18.75 billion), consisting of two tranches as follows: USD 2.75 billion (equivalent to SAR 10.3 billion) for 12 year notes maturing 2033, USD 2.25 billion (equivalent to SAR 8.4 billion) for 40 year notes maturing 2061.
27/01/2021
Last Modified Date: At Saudi Arabia Time