Riyadh – Mubasher: Saudi Arabia’s Debt Management Office (DMO) will increase liquidity in the domestic secondary debt market for governmental bonds, said on Thursday Fahad Al-Saif, head of the office.
The Kingdom-based DMO plans to implement auctions for government bonds and existing issues, Reuters reported, citing Al-Saif as saying.
“The government is building a fixed-rate yield curve, and will extend the curve as much as possible,” the agency added.
“The DMO is coordinating with other domestic debt issuers to avoid crowding of bond supply in the domestic market,” Al-Saif concluded.
