Saudi Arabia starts selling triple-tranche dollar bonds

      Published on Thursday, 23 January , 2020      711 Views     
Saudi Arabia starts selling triple-tranche dollar bonds

  • Business

The government of Saudi Arabia started marketing on Tuesday US dollar denominated bonds split into tranches of seven, 12 and 35 years, a document showed.

The kingdom is offering initial price guidance of around 110 basis points (bps) over US Treasuries for the seven-year paper, 135 bps over the benchmark for the 12-year tranche, and 180 bps over for the 35-year.

Citigroup, Morgan Stanley and Standard Chartered are joint global coordinators and lead managers, and BNP Paribas, HSBC, JPMorgan and NCB Capital have been hired as passive lead managers.

Category Business | 2020/01/23 latest update at 1:03 AM
Source : Arab News | Photocredit : Google
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