Saudi Arabia credit default swaps jump on oil facilities attack

LONDON - The cost of insuring exposure to Saudi Arabia's government debt rose to a two-week high on Monday following a weekend attack on the country's oil facilities that shut about 5% of global supply.

Saudi Arabia's five year credit default swaps (CDS) jumped by 5 basis points (bps) from Friday's close to 65 bps, according to IHS Markit.

(Reporting by Karin Strohecker; Editing by Tom Arnold) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))