Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) said that it was not responsible for defining the yield of government debt instruments.
The Saudi Ministry of Finance’s (MoF) Debt Management Office will determine the return of government debt notes that will be issued as of Sunday, 8 April, Al Jazira reported, citing the financial regulatory authority.
This procedure is expected to spur some companies to issue debt instruments that will diversify products for traders, an official at the CMA said.
Earlier in April, the CMA’s board of directors approved the Saudi MoF’s request to list the government debt instruments at a value of SAR 204.385 billion.
