The National Debt Management Center (NDMC) announced the completion of receiving investors ' orders for the International Euro-denominated bonds under the Kingdom's Global Medium-Term Note Issuance Programme (GMTN ). The total order book reached around EUR 10bn, which equals an oversubscription of 4 times of the total issuance of EUR 2.25bn (equivalent to SAR 8.86bn) which was issued in two tranches, including an inaugural green tranche.
The value of the green tranche is at EUR 1.5bn (equivalent to SAR 5.90bn) for a 7-year bond maturing in 2032, while the second tranche totaled EUR 750mn (equivalent to SAR 2.96bn) for a 12-year bond maturing in 2037.
This issuance is considered the kingdom government first issuance to include an inaugural green tranche and is part of an initiative under the Financial Sector Development Program aimed at supporting the Kingdom's ambitious sustainability goals and achieving net-zero emissions. It also highlights the Kingdom's efforts to investors and market participants, representing a significant step toward realizing the objectives of Saudi Vision 2030.
*Numbers are rounded to the nearest decimal.