The 2024 race has seen more twists than a Hollywood blockbuster
world2 days ago
The Saudi government has issued new local currency Islamic bonds worth around 35.9 billion riyals ($9.57 billion) after buying back some of its existing sukuk worth over 35.7 billion riyals, the National Debt Management Center said on Sunday.
The sukuk that were redeemed early were set to mature in 2024, 2025 and 2026. The new issues were across four tranches of around 7.5 billion riyals maturing in 2031, roughly 14.5 billion riyals due in 2032, around 10.8 billion riyals maturing in 2033 and about 3.2 billion riyals due in 2038.
NDMC said the move was part of its efforts to strengthen the domestic debt market as well as manage government debt obligations.
HSBC Saudi Arabia, AlRajhi Capital, SNB Capital and AlJazira Capital were joint lead managers on the debt transaction, NDMC said.
ALSO READ:
The 2024 race has seen more twists than a Hollywood blockbuster
world2 days ago
Time is running out, Antonio Guterres told the 15-member Security Council
world3 days ago
Ukraine now spends roughly half of its state budget — or about $40 billion — on defence
world3 days ago
The advance of Moscow's forces, which control just under a fifth of Ukraine, has underlined Russia's vast superiority in men and materiel
world3 days ago
Teams of enumerators accompanied by soldiers and armed police went door to door in Yangon to fill in the 68-question survey
world3 days ago
The debate is likely the final one of the 2024 presidential campaign, potentially giving it some extra weight ahead of the November 5 election
world3 days ago
Taal is one of the world's smallest active volcanoes and some of its previous eruptions have impacted the capital and air travel
world3 days ago
The 207 to 121 vote was largely a repeat of the Conservatives' failed attempt last week to trigger snap elections
world3 days ago