Saudi Arabia issues debut euro bond in dual tranches

01/07/2019 Argaam

 

Saudi Arabia has issued its debut euro-denominated bonds in two tranches, the Ministry of Finance said in a statement on Monday. 

 

No further details were mentioned about the bond size. 

 

The bond issuance comes in tranches of eight and 20 years based on market conditions.

 

The euro debt market is distinguished for its diversified investors – institutions and new portfolios, the Kingdom's ability to tap the debt market at any time, various maturities and financing channels, the ministry added.

 

Saudi Arabia had earlier announced plans to issue around SAR 120 billion worth of domestic and international bonds this year, Argaam reported.

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