The 35-year notes are issued for the first time and are the longest Saudi
Source: Arabic.net
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.
