Saudi Arabia sells triple-tranche bonds with 6 to 30-year terms

08/01/2024 Argaam

Saudi Arabia sells triple-tranche bonds with 6 to 30-year terms

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Saudi Arabia tapped debt markets today, Jan. 8, to sell triple-tranche dollar-denominated bonds with tenors between six and 30 years, Reuters reported, citing a document.
 

Initial guidance for the six-year sukuk was set at around 115 basis points (bps) over US Treasuries (UST), the 10-year Islamic bonds at 135 bps over UST, and the 30-year bonds at 195 bps, the agency reported.

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