Saudi Arabia’s government sold 3.25 billion riyals ($866.44 million) of local currency sukuk, or Islamic bonds, the ministry of finance said on Monday.
The sukuk were divided into three tranches of five, seven and 10 years.
Saudi Arabia raised 2.33 billion riyals in five-year sukuk, 360 million riyals with a seven-year maturity and 560 million riyals with a 10-year maturity.
Source Salaam Gateway