Saudi national debt unit completes €2.25bn bond issuance
RIYADH, 13 days ago
Saudi Arabia's National Debt Management Center (NDMC) has announced the successful completion of investor orders for its euro-denominated bonds under the kingdom's Global Medium-Term Note Issuance Programme (GMTN).
The total order book reached around €10 billion, representing a four-fold oversubscription of the €2.25 billion issuance that included two tranches, one of which was the kingdom's inaugural green tranche reported SPA.
The green tranche comprises €1.5 billion in 7-year bonds maturing in 2032, while the second tranche comprises €750 million in 12-year bonds maturing in 2037, it stated.
The kingdom's inaugural green bond tranche represents a significant milestone in its sustainability efforts.
This issuance, part of the Financial Sector Development Program, supports the kingdom's goals of achieving net-zero emissions and advancing Saudi Vision 2030, while underscoring its commitment to investors and market participants, it added.
