Saudi Arabia announces partial repurchase of $1.3 billion outstanding dollar-denominated bonds.

by: ArabianBusiness:
Saudi Arabia announced the first round of partial repurchase of about $1.3 billion (SAR 4,75 billion) of its outstanding dollar-denominated bonds.
These bonds are maturing in 2023, 2025 and 2026.

The bond purchases were part of the National Debt Management Center (NDMC) announcement early this month on its plans for the first partial repurchase offer for the kingdom’s dollar-denominated bonds and dollar-denominated issuance of Sukuk and bonds maturing in 2028 and 2032, respectively, for a total value of $5 billion.

The bond repurchases are done as part of the country’s effective sovereign debt management, which includes the proactive management of its refinancing risk and debt maturities of the debt portfolio.

TAGGED: Bond Issuance, Bond Market, Bonds, Debt Management, Debt Market, Dollar Bond, Dollar Bond Market,  Government Bonds,  Ministry Of Finance – Saudi Arabia, National Debt Management Center, Refinancing, Saudi Arabia, Sukuk

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