Saudi Arabia raises $7.5 bln from fourth international bond sale

10/01/2019 Argaam

 

Saudi Arabia’s Ministry of Finance has raised $7.5 billion (SAR 28.12 billion) from its fourth international bond issuance under the global medium-term note program.

 

It was divided into two tranches as follows:

 

- The first ten-year tranche valued at $4 billion (SAR 15 billion) maturing in 2029.

 

- The second 31-year tranche valued at $3.5 billion (SAR 13.12 billion) maturing in 2050.

 

The issuance received strong turnout from international investors, as the order book hit $27.5 billion (SAR 103.12 billion), the ministry said in a statement on Thursday.

 

The issuance is expected to be settled by Jan. 16, the statement added.

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