Saudi Arabia starts issuing USD-denominated bonds

10/01/2023 Argaam
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag

Saudi Arabia began issuing USD-denominated bonds over three tranches, with maturity terms ranging from five to 30 years, Bloomberg reported, citing a source in the know.

 

The initial indicative price of the bonds is about 140 basis points (bps), higher than the US Treasury bonds for the five-year Sukuk.

 

This value is about 170 bps above the yield on the 10.5-year US Treasury bonds, and about 210 bps more than the 30-year US Treasury bonds.

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