Saudi's first global bonds worth $17.5 bn: official media

Saudi Arabia plans to raise up to $17.5 billion from its first international bond issue, as analysts expect strong buyer interestSaudi Arabia’s first international bond offering totalled $17.5 billion and was nearly four times oversubscribed, official media said early Thursday, confirming the strong buyer interest which analysts expected. “The total sum of the first offering was $17.5 billion,” the Saudi Press Agency reported. A source involved in the operation on Wednesday confirmed that “the terms have been launched,”, and Saudi has divided the total into three tranches with maturities of five, ten and thirty years, respectively, tailor-made for the American market.

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