Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion, structured across two tranches. The issuance marks another step in strengthening the group’s presence in international capital markets.
According to the Saudi Press Agency, the first tranche consisted of $750 million in sukuk with a five-year maturity, priced at a yield of US Treasury plus 75 basis points. The second tranche comprised $1.25 billion in sukuk with a ten-year maturity, offered at a yield of US Treasury plus 90 basis points.
The sukuk issuance received strong investor demand, with the combined order book exceeding $8 billion across both tranches. This represents an oversubscription rate of more than four times, with participation from over 300 investors worldwide.
Stc Group said the strong response reflects investor confidence in the group’s solid business fundamentals, financial strength, and long-term strategy. The demand came from a broad and diversified base of international investors.
The proceeds from the issuance will be used to support stc Group’s strategic priorities, including strengthening its digital leadership, capturing infrastructure opportunities, enabling large-scale projects, and contributing to the objectives of Saudi Vision 2030.
The issuance also enhances stc Group’s access to global capital markets and reinforces confidence in its credit profile. It supports the group’s role in accelerating digital transformation across the Kingdom and in building a sustainable and competitive digital economy.