Riyadh - Mubasher: Saudi anticipated triple-tranche international bond issue is expected to be at a total value of $12.5 billion, with order books over $40 billion, sources told Reuters on Wednesday.
The bond issue will be split into three tranches, maturing in March 2023, March 2028 and October 2047, respectively.
The final prices are yet to be officially announced, but initial price guidance for the three tranches was in the 130 basis points over US treasuries area for the long five-year tranche, 165 basis points over for the long 10-year, and 200 basis points over for the 30-year, the news agency reported.
GIB Capital, Goldman Sachs International, HSBC, J.P. Morgan, and MUFG are the joint lead managers and joint bookrunners.
