Saudi Arabia set to raise $11 bln from bond sale

11/04/2018 Argaam

 

Saudi Arabia is close to raising $11 billion from selling a three-tranche dollar bond, its fourth international debt sale, Reuters reported, citing a document from one of the offering’s coordinators.

 

The government sold seven-year notes worth $4.5 billion at 140 basis points (bps) over US Treasuries; 12-year notes worth $3 billion at 175 bps over US Treasuries; and 31-year notes worth $3.5 billion at 210 bps over the similar benchmark.

 

Combined order books for the bond issue went came in excess of $50 billion earlier on Tuesday.

 

Citigroup, GIB Capital, Goldman Sachs, HSBC and Morgan Stanley are the global coordinators for the issue.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read