Saudi Arabia Draws $12 Billion In Orders For Dollar Sukuk Amid Iran War
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Saudi Arabia raises $3bn with new two-tranche sukuk
Saudi Arabia said it has raised $3.25 billion from a two-tranche sukuk (Islamic bond), which was oversubscribed five times despite the US-Israeli war with Iran having a negative effect on global investor sentiments. The order book reached $16.5 billion as demand remained high, the National Debt Management Center (NDMC) said in a statement. The value […]
Saudi Arabia raises $3.25 billion in dollar sukuk as orders reach $16.5 billion
Saudi Arabia has raised $3.25 billion through a two-tranche international sukuk issuance that attracted about $16.5 billion in investor orders, marking a selective return to global public debt markets after the Kingdom front-loaded most of its financing requirements earlier in the year. The National Debt Management Center said the issuance was completed under Saudi Arabia’s […] The post Saudi Arabia raises $3.25 billion in dollar sukuk as orders…
New exit to the markets as the war puts pressure on the economy.
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