Saudi Finance Ministry Sells Domestic Sukuk for $1.56 Billion

Published January 24th, 2018 - 08:56 GMT
Saudi Arabia’s Ministry of Finance said it has sold domestic sukuk for $1.56 billion in its fifth monthly offer of Islamic bonds. (File photo)
Saudi Arabia’s Ministry of Finance said it has sold domestic sukuk for $1.56 billion in its fifth monthly offer of Islamic bonds. (File photo)

Saudi Arabia’s Ministry of Finance announced this week that it had sold domestic sukuk for $1.56 billion in its fifth monthly offer of Islamic bonds.

The ministry sold $1.1 billion of five-year sukuk, $60 million of seven-year and $400 million of 10-year.

Last month, the ministry sold $1.273 billion of domestic sukuk.

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