Saudi Arabia gets over $35bln in orders for triple-tranche bonds - sources

Citi, Goldman Sachs, HSBC, Bank of China, Mizuho, MUFG, SMBC and Samba Capital have been hired to arrange the debt sale

  
A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016. Image used for illustrative purpose.

A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser

DUBAI- Saudi Arabia has received more than $35 billion in combined orders for a planned triple-tranche bond sale, two sources said on Wednesday.

The kingdom has given initial price guidance of around 315 basis points over U.S. Treasuries for the 5-1/2-year notes, around 325 bps over Treasuries for the 10-1/2-year bonds and 5.15% for the 40-year notes. The deal is expected to close on Wednesday.

(Reporting by Davide Barbuscia; Writing by Yousef Saba; Editing by Jon Boyle) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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