Saudi Arabia collects 5 billion dollars in issuance of bonds attracting requests with 20 billion dollars

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The 35-year notes are issued for the first time and are the longest Saudi

Source: Arabic.net

A banking document confirmed that Saudi Arabia has issued bonds worth $ 5 billion in 3 segments, for the terms of 7, 12 and 35 years, which is the first issuance of Eurobonds for 2020.

The Saudi government has returned to bond markets, as part of a plan to borrow $ 32 billion from international markets this year.

Saudi Arabia raised $ 5 billion in issuance of bonds attracting applications with $ 20 billion.

Returns ranged between 2.54%, 2.88% and 3.84%, respectively.

It is interesting that the 35-year bonds are issued for the first time and are the longest Saudi.

Saudi Arabia issued bonds denominated in euros for the first time in July, after the Saudi government appointed Goldman Sachs and Societe Generale as global coordinators and book managers to arrange a meeting with global investors, according to a document issued by a bank that leads the process. .

At the time, BNP Paribas, Morgan Stanley, and Samba were both authorized key payroll and book managers, according to the document.

The Kingdom issued the bonds in two tranches, for terms ranging from 8 to 20 years.

The kingdom issued $ 7.5 billion of bonds in January last year.



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