Saudi Arabia issues $12bn three-part bond: NDMC

Reuters
The transaction is part of NDMC’s strategy to diversify the investor base and meet Saudi Arabia’s financing needs. Shutterstock
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CAIRO: Saudi Arabia issued a $12 billion three-tranche bond, selling $5 billion, $3 billion and $4 billion in tenors of three, six and 10 years respectively, the National Debt Management Center said on Tuesday.
The total order book reached around $37 billion, equalling an over-subscription of three times the issuance, NDMC said in a statement.
The transaction is part of NDMC’s strategy to diversify the investor base and meet the Kingdom’s financing needs, it added. 

Topics: Saudi Arabia National Debt Management Center (NDMC) bonds NDMC