Saudi Arabia brings $2.27 billion up in Islamic bonds – HaberiNews

Saudi Arabia brings $2.27 billion up in Islamic bonds

HaberiNews

Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June, the money service said on Sunday.

The primary tranche of the sukuk issue is 2.494 billion riyals, and the absolute tranche size is 5.017 billion riyals, developing in 2027, a service articulation said.

The subsequent tranche has a size of 3.670 billion riyals , and an all out tranche size of 13.966 billion riyals, developing in 2030.

The third tranche has a size of 2.331 billion riyals, and a complete tranche size of 10.569 billion riyals, developing in 2035.

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