Saudi Arabia starts marketing dual-tranche dollar bonds - IFR

The planned debt sale includes 30-year conventional bonds

  
A Saudi jeweller counts U.S. dollar banknotes after selling gold to a customer at a jewellery shop in the area surrounding the Grand Mosque during the annual haj pilgrimage in the holy city of Mecca

A Saudi jeweller counts U.S. dollar banknotes after selling gold to a customer at a jewellery shop in the area surrounding the Grand Mosque during the annual haj pilgrimage in the holy city of Mecca

Reuters/Amr Dalsh

DUBAI: Saudi Arabia started selling U.S. dollar bonds including sukuk, fixed income news provider IFR reported on Tuesday.

The planned debt sale, which will be completed later on Tuesday, includes 30-year conventional bonds, marketed at around 3.6%, and 9.5-year sukuk, or Islamic bonds, at around 110 basis points over U.S. Treasuries.

(Reporting by Davide Barbuscia; Editing by Jacqueline Wong) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


More From Markets