National Debt Management Center Completes $12 Billion International Bond Offering Under Kingdom's Global Medium-Term Note Issuance Programme

The National Debt Management Center (NDMC) announced today the successful completion of its international bond issuance under the Kingdom's Global Medium-Term Note Issuance Programme, as detailed in a press release.
 According to the release, the total order book reached approximately $37 billion, representing an oversubscription three times the total issuance of $12 billion (SAR 45 billion). The bonds were issued in a triple-tranche offering, with the first tranche totaling $5 billion (SAR 18.75 billion) for a 3-year bond maturing in 2028. The second tranche amounted to $3 billion (SAR 11.25 billion) for a 6-year bond maturing in 2031, while the third tranche was valued at $4 billion (SAR 15 billion) for a 10-year bond maturing in 2035.
 This transaction aligns with NDMC's strategy to diversify the investor base and efficiently meet the Kingdom's financing needs through international debt capital markets. The bid-to-cover ratio underscores the strong demand for the Kingdom's issuances, reflecting investor confidence in the Kingdom's economic strength and its future investment opportunities, the release noted.