Article length: 132 words

Saudi Arabia: Bond issue, local debt listings

Riyadh announced a three-tranche bond issue on 11 April, raising a total of $11bn. The funds comprised $4.5bn in seven-year bonds priced at 140 basis points over US Treasuries, $3bn in 12-year notes at 175 basis points and $3.5bn in 31-year notes at 210 basis points. According to the Ministry of Finance, the total order book for the issue reached $52bn. It is the second time this year Riyadh has raised external financing; in March it added $6bn to an existing $10bn loan facility agreed in 2016.

Go to full article

Credit value: 1

African Energy Gulf States Newsletter