Saudi Arabia has received more than $17 billion in requests for its issuance of international sukuk for 6 and 10 years, according to Okaz newspaper.
And Saudi Arabia entered the international debt markets yesterday (Monday) by selling sukuk in two tranches, and a document showed that the Kingdom offered sukuk in dollars with maturities of 6 and 10 years.
Saudi Arabia set an initial guiding price at 110 points above US Treasury bonds for 6-year sukuk, and at 135 basis points for 10-year sukuk.
Citigroup, JPMorgan and Standard Chartered banks have been appointed coordinators for the issuance.
And the Kingdom had opened the year 2023 by obtaining financing worth $ 10 billion from international markets, taking advantage of the remarkable improvement in global markets compared to the beginning of 2022.
This article was originally published by RT.