Riyadh – Mubasher: The forthcoming international bonds issuance by Saudi Arabia will decrease the pressure on liquidity that resulted from the growth of credit by 8.1% by the end of H1 2016, said a recent report published by AlBilad Capital named “Saudi Banking Sector H1 2016”.
The Saudi government will issue an international bonds in US dollar next October; the first of its kind in the international market. A roadshow will be launched in September.
The issuance will also reflect positively on the Saudi banking sector whose assets accounted for 88% of the GDP* after loan/deposit ratio increased to 86.6 % by the end of June, added the report.
The bonds are expected to lure international financial institutions and investors especially from Europe and Japan due to lower interest rate in these two areas.
