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Saudi Arabia sells $757mln in sukuk monthly issuance

  • 23 May, 2019

DUBAI - Saudi Arabia sold 2.84 billion riyals ($757 million) in sukuk, or Islamic bonds, in May, the Finance Ministry said on Thursday.

The debt sale was split into a tranche of 655 million riyals due in 2028 and a second tranche of 2.185 billion maturing in 2031. ($1 = 3.7502 riyals)

(Reporting by Asma Alsharif, writing by Davide Barbuscia) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))