Saudi Arabia launches 3-tranche bonds worth $10 bln: Report

The Kingdom of Saudi Arabia's flag

Saudi Arabia issued bonds worth $10 billion in three tranches, marking the Kingdom's first bond issue in 2023, Bloomberg reported, citing an informed source. 

The total value of the order book reached $35 billion, the source said, adding that the bonds were priced to yield 110 and 140 basis points over US Treasuries for the five and 10.5-year bonds, respectively, and 5.5% for the 30-year bonds.  

Saudi Arabia began issuing dollar-denominated bonds over three tranches, with maturity terms ranging from five to 30 years, according to data available with Argaam.