KSA, 27 February, 2025 : Saudi Arabia’s National Debt Management Center (NDMC) has successfully completed a €2.25 billion Euro-denominated bond issuance under its Global Medium-Term Note Issuance Programme (GMTN). Investor demand was strong, with total orders reaching €10 billion, representing an oversubscription of four times.
The issuance consists of two tranches:
- A €1.5 billion green tranche with a 7-year maturity (2032), marking the Kingdom’s first-ever green bond issuance.
- A €750 million tranche with a 12-year maturity (2037).
This issuance is part of the Financial Sector Development Program, supporting Saudi Arabia’s sustainability goals and Vision 2030. The inaugural green tranche reflects the Kingdom’s commitment to environmentally responsible financing and achieving net-zero emissions, strengthening its position in global financial markets.
Source : www.mof.gov.saRelated Posts
Why your two returns must tell the same story, and how to reconcile them before the FTA asksYour Co...
Read More
Core topic: Why the connections between accounts, transactions and business activity can reveal fina...
Read More
When everything looks legitimateA company is registered. Contracts are prepared. Documents are signe...
Read More