Saudi bond issue attracts over $40 bln in demand: report

27/09/2017 Argaam

Saudi Arabia is expected to launch a triple-tranche international bond issue at $12.5 billion, Reuters has reported, citing unnamed sources.

 

The new issue’s order books total over $40 billion.

 

The bond is split into three tranches. Bonds maturing in March 2023 have an initial price guidance of 130 bps, while those maturing in March 2028 have an initial price guidance of 165 bps. Bonds maturing in October 2047 have an initial price guidance of 200 bps.

 

GIB Capital, Goldman Sachs International, HSBC, J.P. Morgan, and MUFG are the joint lead managers and joint book-runners.

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