The Finance Ministry says the government has successfully settled the latest coupon payment of a USD 500 million senior unsecured Sukuk issued in 2021.
In a statement today, the Ministry said that the Sukuk is set to mature in 2026. It noted that the Sukuk pays a semi-annual coupon, with payments scheduled for April and October.
The Ministry further said as of October 7th, the government has successfully settled the latest coupon payment.
The Finance Ministry noted honoring debt service payments remains a key priority for the government.
It also said the timely settlement of this coupon payment underscores the government's commitment to meeting its debt obligations to creditors and investors.
A Sukuk (Islamic bond or “Sharia-compliant” bond) is an Islamic financial certificate that represents a portion of ownership in a portfolio of eligible existing or future assets. They can be considered as an Islamic version of conventional bonds.
