Saudi planning to issue euro-denominated bonds: report

Saudi Arabia is studying the possibility of issuing euro-denominated bonds, Finance Minister Mohammed Al-Jadaan told CNBC.

“The plan is to look into, potentially, another currency, euro is a possibility,” he added.

The government would also consider raising debt in other currencies such as the yuan, the minister noted.

The Kingdom issued $7.5 billion in international bonds this month, bringing to nearly $60 billion the total amount it has raised through US dollar-denominated public debt issues since 2016.