KSA, 8 January, 2025 : The National Debt Management Center (NDMC) announced the successful completion of its international bond issuance under the Kingdom's Global Medium-Term Note Issuance Program (GMTN). The issuance, totaling USD 12 billion (SAR 45 billion), was met with a strong response, with a total order book reaching USD 37 billion, resulting in an oversubscription of 3 times the issuance amount.
The bond offering was divided into three tranches: USD 5 billion for a 3-year bond maturing in 2028, USD 3 billion for a 6-year bond maturing in 2031, and USD 4 billion for a 10-year bond maturing in 2035.
This successful transaction reflects the NDMC's strategy to diversify its investor base and effectively meet the Kingdom's financing needs through international debt markets, while underscoring investor confidence in Saudi Arabia's economic strength and future investment opportunities.
Source : www.mof.gov.saRelated Posts
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