The National Debt Management Center (NDMC) was awarded the “Sovereign, Supra & Agency Bond Deal of the Year 2022" at the annual Bonds, Loans & Sukuk Capital Markets & ESG Finance Saudi Arabia awards ceremony held in Riyadh, on February 8th, 2023.
The award came as a result of the NDMC's 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.
The transaction is part of the Kingdom's effective debt management, which includes the pro-active management of its refinancing risk and debt maturities of the debt portfolio. This award is expected to promote and enhance the demand for Saudi local and international Sukuk and bond issuances.