RIYADH: Saudi Arabia is able to issue 50 or even 100-year bonds, but its debt office head said on Wednesday he was not keen to do so at the moment, raising concerns about selling debt of such long maturities.
Speaking at a business conference in the Saudi Arabian capital, Fahad Al-Saif said: “Are we able to issue 50, 100 years, yes. Are we able to issue in different currencies other than dollars, yes. Are we keen to take that step at the moment, I don’t think so.”
“We don’t want to take a step unless it reflects that issuances are mature issuances,” he said.
Among emerging market economies, Argentina last year sold a 100-year bond in US dollars, joining some countries in the euro zone who have taken advantage of a low-yield environment to sell long-dated bonds.
Saudi Arabia can issue 100-year bonds, but ‘not keen’ at the moment: Debt office head
Saudi Arabia can issue 100-year bonds, but ‘not keen’ at the moment: Debt office head
- Saudi Arabia is able to issue 50 or even 100-year bonds
- Speaking at a business conference in the Saudi Arabian capital, Fahad Al-Saif said the move was unlikely
