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26/02/2025 11:02 AST
The National Debt Management Center (NDMC) has successfully completed the issuance of an international euro-denominated bond under the Kingdom's Global Medium-Term Note Issuance Programme (GMTN), with a total value of ?2.25 billion (SR8.86 billion).
The issuance, which attracted strong investor demand, saw an order book of approximately ?10 billion, representing an oversubscription of four times the total issuance.
The bonds were issued in two tranches, including Saudi Arabia's inaugural green tranche, reflecting the Kingdom's commitment to sustainability and environmental initiatives.
The green tranche, valued at ?1.5 billion (SR5.90 billion), was issued for a 7-year bond maturing in 2032. The second tranche amounted to ?750 million (SR2.96 billion) for a 12-year bond maturing in 2037.
This marks the Kingdom's first government bond issuance featuring a green tranche, reinforcing its commitment to achieving sustainability objectives under Vision 2030 and reaching net-zero emissions.
Saudi Gazette
26/02/2025
Saudi Arabia faces growing challenges in its residential real estate market as soaring prices and high borrowing costs cool appetite for home ownership, according to the real estate consultancy Knigh
Gulfnews
25/02/2025
Saudi Arabia recorded a trade surplus of SR44.89 billion ($11.97 billion) in the fourth quarter of 2024, driven by a 17.3 percent year-on-year surge in non-oil exports, official data showed.
Arab News
25/02/2025
Palma Development, one of the most prestigious developers in the UAE real estate industry, has announced the launch of Serenia District, an AED5-billion (($1.36 billion) upscale residential community
Trade Arabia
25/02/2025
The Saudi Central Bank (SAMA) has introduced eight new rules for how the Saudi riyal (SAR) symbol should be used, aiming to give the currency a strong identity both in the Kingdom and abroad.
Saudi Gazette
24/02/2025
Saudi Arabia's economic diversification strategy is transforming local capital markets and driving regional growth, positioning the Gulf Cooperation Council as an emerging financial hub, according to
Arab News
Financial Information Co.
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