Riyadh – Mubasher: Saudi Arabia is planning to issue Euro-denominated bonds, the kingdom’s finance minister Mohammed Al-Jadaan stated.

The Saudi government is considering the issuance of other bonds denominated by a group of currencies including China’s Yuan, the minister added during an interview with CNBC.

“We had a book of over SAR 27 billion, so investor confidence is there, and it is actually very widely subscribed, from Asia to the US, to Europe. The plan is to look in to, potentially, another currency, euro is a possibility,” CNBC reported, citing Al-Jadaan as saying.

Earlier in January, the Saudi finance ministry 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.