Riyadh – Mubasher: Saudi Arabia has appointed banks to manage the issue of two-tranche dollar-denominated bonds.
The oil-rich kingdom began marketing the planned offering, Reuters reported, citing a document by one of the banks that lead the transaction.
The GCC nation authorised the Ministry of Finance (MoF) to hire BNP Paribas, Citi, HSBC, JPMorgan, and NCB Capital to arrange the sale of debt notes, the news agency added.
The dollar bonds issue is to mature in January 2029 with an initial price guidance in the area of 200 basis points over US Treasury instruments.
The oil-rich country also started marking bonds, maturing in January 2050 with an initial price guidance in the area of 250 basis points over the benchmark.
