The National Debt Management Center (NDMC) announced the successful completion of its $12 billion bond issuance under the Kingdom’s Global Medium-Term Note Issuance Programme.
The issuance was oversubscribed three times, with the total order book reaching approximately $37 billion. The bonds were issued in a triple-tranche structure:
- First tranche: $5 billion (SAR 18.75 billion) for a 3-year bond maturing in 2028.
- Second tranche: $3 billion (SAR 11.25 billion) for a 6-year bond maturing in 2031.
- Third tranche: $4 billion (SAR 15 billion) for a 10-year bond maturing in 2035.
The NDMC highlighted that the issuance aligns with its strategy to diversify the investor base and meet the Kingdom’s financing requirements through access to international debt markets.
The issuance supports Saudi Arabia’s broader goals of securing cost-effective funding for its initiatives while enhancing its presence in global debt markets.
