Saudi finance ministry sells 5.85 bln riyals of domestic sukuk

By Kitco News / January 22, 2018 / www.kitco.com / Article Link

RIYADH, Jan 22 (Reuters) - Saudi Arabia's government sold 5.85 billion riyals ($1.56 billion) of domestic sukuk in its fifth monthly offer of domestic sukuk, the Ministry of Finance said on Monday.

The ministry sold 4.125 billion riyals of five-year sukuk, 225 million riyals of seven-year and 1.5 billion riyals of 10-year.

Last month, the ministry sold 4.775 billion riyals of domestic sukuk.

($1 = 3.75 Saudi riyals)


(Reporting by Marwa Rashad; Editing by Janet Lawrence)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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