RIYADH: The National Debt Management Center (NDMC) has closed the September 2021 issuance under the Saudi Arabian Government riyal-denominated sukuk program. The size was set at SR6.675 billion ($1.7 billion), NDMC said in a statement on Tuesday.
The issues were divided into three tranches: a SR3.170 billion tranche, which matures in 2029, a SR2.855 billion tranche which matures in 2033 and a SR650 million which matures in 2036.
Saudi Arabia had approximately SR854 billion debt outstanding by year-end 2020, of which 59 percent are riyal-denominated and 41 percent in foreign currency, says NDMC on its website.
As per the 2021 Saudi budget, the deficit funding requirement in 2021 is estimated to be SR141 billion, it says.