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Saudi Arabia raises $17.5 billion in record sovereign bond sale

Saudi Arabia raises $17.5 billion in record sovereign bond sale

Tarix: 20 Oktyabr 2016 18:46

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Baku, October 20, AZERTAC

Saudi Arabia raised $17.5 billion in the biggest ever bond sale from an emerging-market nation as it seeks to shore up finances battered by the slide in oil, according to Bloomberg.

The government sold dollar-denominated bonds due in five years yielding 135 basis points more than similar-maturity U.S. Treasuries, 10-year notes at a spread of 165 basis points and 30-year securities at 210 basis points, according to person familiar with the matter who is not authorized to speak publicly and asked not to be identified. The kingdom raised $5.5 billion in each of the five- and 10-year bonds and $6.5 billion in 30-year debt. People with knowledge of the offering earlier said investors submitted $67 billion in bids.


AZERTAG.AZ :Saudi Arabia raises $17.5 billion in record sovereign bond sale

Teqlər:  Saudi Arabia raises 175 billion in record sovereign bond sale



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