
By Zawya • 106 days ago
The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund entity, successfully priced its third international sukuk issuance worth USD 2.75 billion, consisting of two tranches: USD 1.25 billion for 5.5 years and USD 1.50 billion for 10 years. The issuance saw a 6.8x oversubscription, indicating strong demand from global investors. SRC increased its International Sukuk Programme from USD 5 billion to USD 10 billion. The program has received strong credit ratings of A1 from Moody's and A+ from Fitch. SRC aims to enhance liquidity in housing finance and support Saudi Vision 2030 objectives.
Source: Zawya
Author: Staff

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