Strong demand expected for KSA international bond sale
The Kingdom is set to launch its long-awaited first international bond sale on Wednesday.
Jeddah - Arab Today
The Kingdom is set to launch its long-awaited first international bond sale on Wednesday.
The Financial Times reported that bankers connected to the sale had said that initial price guidance for the bond, believed to be between $10 billion and $15 billion, would be released Wednesday.
The bond sale would be the largest international debt issuance in the Middle East and comes as the kingdom attempts to tackle a substantial budget deficit accrued as a result of the low oil price.
The newspaper said that strong demand was expected for the debut bond, quoting one banker as saying: “All going well, they should print later in the week”.
A roadshow to promote the bonds in the US and UK was scheduled to conclude on Tuesday.
Source: Arab News
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