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Saudi Arabia issues $7.5bn international bonds – MoF

Saudi Arabia issues $7.5bn international bonds – MoF

Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) on Thursday announced pricing the fourth international bond issue at a value of SAR 28.12 billion ($7.5 billion) under its Global Medium-Term Note Programme.

Distributed on two tranches, the first amounts to SAR 15 billion ($4 billion) and includes 10-year bonds that will mature in 2029, the MoF said in a statement.

The second tranche for 31-year bonds, amounts to SAR 13.12 billion ($3.5 billion) and matures by 2050.

“The issuance received significant interest from international investors, with the order book peaking SAR 103.12 billion ($27.5 billion),” the Saudi MoF revealed.

The bond issue is forecast to be settled on 16 January, or within a few days of that time frame.