Mubasher: Saudi Arabia’s first EUR 3 billion bond sale was oversubscribed by 4.8 times, according to Reuters.

The subscriptions of the kingdom’s Euro-denominated bonds generated AED 14 billion.

Saudi Arabia issued first Euro-denominated bonds in two tranches of eight and 20 years.

In January, the Saudi finance minister Mohammed Al Jadaan stated that the kingdom is planning to issue Euro-denominated bonds.