Riyadh – Mubasher: The Saudi Ministry of Finance reportedly began on Wednesday marketing US dollar bonds, according to Reuters.
The bonds are offered through three tranches, 5.5-year bonds at a return of 3.15% over US Treasuries, 10.5-year noted at around 3.25% above the US treasuries rate, and 40-year notes at around 5.15%.
The size of the offering is set to depend on demand, however, it is expected to reach multiple billion dollars.
A number of Saudi and international banks are managing the offering led by Samba Capital, Citi, Goldman Sachs, HSBC, and the Bank of China, alongside Japan’s Mizuho, MUFG, and SMBC.
