Saudi Arabia can issue long maturity bonds, but not keen: DMO

Saudi Arabia can issue 50- or 100-year bonds, but is not currently keen to sell debt of such long maturities, Reuters reported, citing Fahad al-Saif, head of the Kingdom’s Debt Management Office (DMO) at the Euromoney 2018 conference in Riyadh.

“Are we able to issue 50, 100 years, yes. Are we able to issue in different currencies other than dollars, yes,” Al-Saif noted, ruling out the possibility of taking this step at the moment.

“We don’t want to take a step unless it reflects that issuances are mature issuances,” he said.