15 Sha'aban 1445 - 26 February 2024
    
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Eye of Riyadh
Business & Money | Thursday 23 November, 2023 9:03 am |
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SRC completes SAR 3.5B sukuk issuance

Saudi Real Estate Refinance Co. (SRC), a wholly owned subsidiary of the Public Investment Fund (PIF), successfully completed a SAR 3.5 billion worth of sukuk issuance as part of its government-guaranteed its riyal-denominated sukuk program.

 

 

 

The offering forms the last two tranches of its SAR 20 billion government-guaranteed sukuk program, featuring dual tenors of five and seven years, the state-run SPA reported, citing a company statement.

 

 

 

SRC was rated “A+” by Fitch Ratings, A2+ by Moody’s Investors Services and “A-“ by S&P Global.

 

 

 

 

 

Source : Argaam

 

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