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Saudi Arabia Markets Dual-Tranche Dollar Bonds – Document

Adel 26 January, 2021 5:26 pm Commodities, Market Update

A document seen by Reuters showed that Saudi Arabia has begun marketing the sale of standard-sized US dollar-denominated bonds in two tranches for a term of 12 and 40 years.

The Kingdom has set an initial indicative price at about 165 basis points over ten-year US Treasury bonds for the 12-year tranche and about 3.75% for the forty-year tranche, according to the document issued by one of the banks participating in the process.

Saudi Arabia has appointed Goldman Sachs, HSBC and JP Morgan as global coordinators for the sale, which is expected to close later today.

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