The National Debt Management Center (NDMC) of Saudi Arabia has completed the largest early repurchase of debt instruments in its history. According to the ministry, obligations worth over 35.7 billion rials (approximately $9.5 billion) were repaid, which were to be repaid in the period from 2024 to 2026. In addition to this step, NDMC announced the issuance of Islamic bonds (sukuk) worth about 35.9 billion rials. This decision is part of NDMC's strategy to strengthen the national market and adapt to current market conditions. Such actions had a positive impact on the activity of the secondary market and correspond to the long-term strategy of strengthening the state finances of the kingdom. The new bond issue will be divided into four parts: the first part will amount to approximately 7.5 billion rials and will be repaid in 2031, the second part will amount to 14.5 billion rials and will be repaid in 2032. The third part will amount to 10.8 billion rials and will be repaid in 2033. And finally, the fourth part will amount to 3.2 billion rials and will be repaid in 2038. HSBC Saudi Arabia, AlRajhi Capital, SNB Capital and AlJazira Capital were appointed as the leading managers of this placement.
RÝCHLE ODKAZY