Saudi Arabia raises $7.5 bln from fourth international bond sale

10/01/2019 Argaam

 

Saudi Arabia’s Ministry of Finance has raised $7.5 billion (SAR 28.12 billion) from its fourth international bond issuance under the global medium-term note program.

 

It was divided into two tranches as follows:

 

- The first ten-year tranche valued at $4 billion (SAR 15 billion) maturing in 2029.

 

- The second 31-year tranche valued at $3.5 billion (SAR 13.12 billion) maturing in 2050.

 

The issuance received strong turnout from international investors, as the order book hit $27.5 billion (SAR 103.12 billion), the ministry said in a statement on Thursday.

 

The issuance is expected to be settled by Jan. 16, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.