Saudi Arabia, through its Ministry of Finance, executed a landmark liability management transaction by completing an early repurchase of outstanding bonds and sukuk maturing in 2024, 2025 and 2026, while simultaneously issuing SR64.123 billion ($17.1 billion) in new sukuk across multiple tranches.
This exercise was part of the National Debt Management Center’s ongoing strategy to consolidate the ministry’s local debt offerings under a unified sukuk programme framework and proactively manage debt maturities.
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