Saudi Arabia issues $10 billion in bonds…and the turnout exceeds 3 times the required

issued The Saudi Ministry of Finance has ten billion dollars in bonds in three tranches yesterday.

The pricing of the three tranches of the bonds fell below the indicative price, following receiving more than $35 billion in orders before closing.

The Kingdom issued $3.250 billion in 5-year bonds at 110 basis points above the price of US Treasury bonds.

As for the second tranche, it was worth 3.5 billion dollars for a period of 10 and a half years, at 140 basis points above the US bond rate.

The value of the third tranche amounted to $3.25 billion for a period of 30 years at 5.5%.