Saudi Arabia: GCC bond issues boom as Riyadh turns to the international market to plug deficit
Issue 1023
- 07 Oct 2016
| 4 minute read
International investors were awaiting the launch of Saudi Arabia’s first international bond as GSN went to press. With few details confirmed, analysts have been left to speculate about a potential meag-deal. Most expect it to be worth up to $15bn and to go ahead in early October, perhaps around the time of the International Monetary Fund (IMF)/World Bank annual meetings (7-9 October) in Washington DC. The interest rate on this debt is likely to be fairly low, possibly around 3.5%-3.75%.
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