Saudi Arabia raises $5.5 bln via dual-tranche bonds: report

27/01/2021 Argaam

Riyadh city

Saudi Arabia launched $5.5 billion in a dual-tranche bond sale on Jan. 26, 2021, with tenors of 12 and 40 years, Reuters reported, citing a document from one of the banks on the deal.

 

The Kingdom sold the 12-year bonds at 130 basis points (bps) over 10-year US Treasuries and the 40-year notes at 3.45%, the document deal showed.

 

It drew more than $13 billion in orders for the 12-year bonds and over $9 billion in orders for the 40-year paper.

 

According to data available with Argaam, Saudi Arabia began marketing dollar denominated dual-tranche bond sale with tenors of 12 and 40 years, Reuters reported on Tuesday.

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