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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read