Riyadh city

Saudi Arabia began marketing today, Jan. 26, 2021, dollar denominated dual-tranche bond sale with tenors of 12 and 40 years, Reuters reported,, citing a document. 

 

The document gave an initial price guidance of around 165 basis points over 10-year US treasuries for the 12-year tranche and around 3.75% for the 40-year bonds.

 

Saudi Arabia hired Goldman Sachs International, HSBC and JPMorgan as global coordinators for the sale, which is expected to close later today.

 

According to the data available in Argaam, Bloomberg recently reported that Saudi Arabia plans to issue bonds for the remaining $5 billion, to help cover financing needs.

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