{"id":94671,"date":"2025-02-24T00:00:00","date_gmt":"2025-02-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/src-to-list-usd-2-bn-sukuk-on-the-london-stock-exchange\/"},"modified":"2025-02-24T00:00:00","modified_gmt":"2025-02-24T00:00:00","slug":"src-to-list-usd-2-bn-sukuk-on-the-london-stock-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/24\/src-to-list-usd-2-bn-sukuk-on-the-london-stock-exchange\/","title":{"rendered":"SRC to list USD 2 bn sukuk on the London Stock Exchange"},"content":{"rendered":"

<\/strong>PIF-ow<\/strong>ned <\/strong>Saudi Real Estate Refinance Company (SRC)<\/a><\/strong> finalized the pricing of its first government-guaranteed <\/strong>USD-denominated international Sukuk offering<\/strong>, it said in a press release<\/a>. The issuance \u2014 valued at USD 2 bn \u2014 was 6x oversubscribed, and will be listed on the London Stock Exchange\u2019s International Securities Market as part of SRC\u2019s USD 5 bn International Sukuk Program.<\/p>\n

What we know so far: <\/strong>The issuance will include two tranches with three and 10 years maturities. Additional details on yield rates and subscription rates were not disclosed.<\/p>\n

Where will the funds go? <\/strong>The funds will be used to boost liquidity in the Saudi secondary mortgage market, support housing market sustainability, attract foreign investment, and integrate the Kingdom\u2019s economy with global markets, the company said. The Kingdom aims to boost mortgage financing to SAR 1.3 tn by 2030, up from SAR 800 bn in 2024, Municipalities and Housing Minister Majid Al Hogail said in the press release.<\/p>\n

ICYMI-<\/strong> SRC acquired a SAR 1 bn mortgage portfolio from Bidaya Finance in December<\/a>, marking the largest transaction of its kind among mortgage companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Offering was 6x oversubscribed by 300 investors<\/p>\n","protected":false},"author":1,"featured_media":94672,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[57,10,2081],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-saudi-real-estate-refinance-company-src","wpautop","entry"],"acf":{"mongo_id":"d34f9705-cc3a-4723-ad75-1315e23a2b54","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/334.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Real Estate Refinance to list USD 2 bn international sukuk on the London Stock Exchange","related_issue":[94664],"teaser":"Offering was 6x oversubscribed by 300 investors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d0f44911-1990-451f-8358-bca5c36d3edd.mp3"},"yoast_head":"\nSRC to list USD 2 bn sukuk on the London Stock Exchange - 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