Saudi Arabia is close to raising $11 billion from selling a three-tranche dollar bond, its fourth international debt sale, Reuters reported, citing a document from one of the offering’s coordinators.
The government sold seven-year notes worth $4.5 billion at 140 basis points (bps) over US Treasuries; 12-year notes worth $3 billion at 175 bps over US Treasuries; and 31-year notes worth $3.5 billion at 210 bps over the similar benchmark.
Combined order books for the bond issue went came in excess of $50 billion earlier on Tuesday.
Citigroup, GIB Capital, Goldman Sachs, HSBC and Morgan Stanley are the global coordinators for the issue.
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