Saudi finance ministry sells 4.775bn riyals of domestic sukuk

DUBAI: Saudi Arabia's finance ministry said on Sunday it had sold 4.775 billion riyals ($1.27 billion) of domestic sukuk in its monthly sale by re-opening the government's October issue for a second time.

The ministry sold 2.400 billion riyals of five-year sukuk, 1.800 billion riyals of seven-year and 575 million riyals of 10-year. Applications for the offer totalled 10.325 billion riyals.

Last month, the ministry sold 6.68 billion riyals of sukuk in the first re-opening of the issue, and in October it sold 10 billion riyals.