Riyadh – Mubasher: Saudi Arabia is tapping international bond markets for the second successive month, marketing euro-denominated debt to take advantage of ultra-low borrowing costs and help lower its reliance on dollar debt, Bloomberg said citing a person familiar with the matter.
The kingdom is planning a two-part, benchmark-sized deal with a three-year and nine-year offering. In January, the Gulf country raised $5 billion from a two-part dollar-bond offering.
The world’s largest crude exporter mandated BNP Paribas SA, Goldman Sachs Group Inc., and HSBC Holdings Plc as global coordinators, and Citigroup Inc, JPMorgan Chase & Co, Standard Chartered Plc, and Samba Capital as passive joint bookrunners to organise a global investor call on 23 February 2021.
