52 Days
Source:
الاقتصادية
Saudi Arabia raises $2.75 billion through reverse mortgage notes
The Saudi Real Estate Refinance Company, one of the Public Investment Fund's subsidiaries, announced the successful pricing of its third issuance of sovereign-backed international sukuk worth $2.75 billion. The issuance was divided into two tranches with maturities of 5.5 and 10 years. It received strong demand, with subscriptions totaling 6.8 times the offer amount, supported by robust credit ratings from agencies such as Moody’s and Fitch. Additionally, the company revealed an increase in its international sukuk program from $5 billion to $10 billion, aimed at supporting the real estate market and enhancing liquidity in the mortgage finance sector as part of Vision 2030.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)