The debt issue was offered via a triple-tranche bond offering, with the value of the first tranche at $3.25 billion for a 5-year bond maturing in January 2028
Saudi debt
Latest in Saudi debt
debt market
Saudi Arabia plans to keep debt stable as oil income surges
Saudi Arabia plans to deliver its first budget surplus in eight years in 2022, along with the fastest economic growth since 2011
bond market
Saudi deal with Euroclear to allow foreigners access to debt
Major emerging economies like Russia have in recent years partnered with Euroclear to lure bond inflows by allowing it to act as a custodian for foreign investors’ collateral
Saudi debt
Saudi Arabia inks deal to give foreigners access to debt
Deal between Securities Depository Centre Company and Brussels-based Euroclear Bank will give foreign investors access to the sukuk and bond market
Bahrain debt
GCC gov’t-related debt ‘significant and growing’, says Fitch
Ratings agency says non-bank government-related entity debt is as high as 32% of GDP in Oman
budget deficit
Saudi Arabia raises size of 2016 syndicated loan to $16bn
The kingdom plans to borrow about $31bn this year to bridge an expected budget deficit of $52bn
loan refinancing
Saudi Arabia working with banks on $10bn loan refinancing – sources
Loan refinancing will include a repricing of the debt facility and a maturity extension, to 2023 from 2021