In reference to the National Debt Management Center (NDMC) previous announcement on the 19th of October 2022, regarding its arrangement of the first partial repurchase offer for the Kingdom's dollar-denominated bonds and the U.S. dollar-denominated issuance of Sukuk and bonds maturing in 2028 and 2032, respectively, with a total value of USD 5 billion.
NDMC, on behalf of the Ministry of Finance, announces the completion of the first partial repurchase of the Kingdom's outstanding U.S. dollar-denominated bonds maturing in 2023, 2025, and 2026 with a total value of USD 1.268 billion (equivalent to SAR 4.755 bn).
This transaction is being made as part of the Kingdom's effective sovereign debt management, which includes the pro-active management of its refinancing risk and debt maturities of the debt portfolio.