DUBAI – Saudi Arabia National Debt Management Centre completed the first issuance of USD international bonds in 2024, worth $12 billion, it said in a statement on Tuesday.
The $12 billion was via a triple tranche bond offering.
The value of the first tranche was $3.25 billion for a 6-year bond maturing in 2030. The second tranche totalled $4 billion for a 10-year bond maturing in 2034, while the third totalled $4.75 billion for a 30-year bond maturing in 2054.
The debt centre said the total issuance was oversubscribed 2.5 times, reaching around $30 billion.
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