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FINANCIAL NEWS
Saudi Arabia plans to borrow USD10-15b in 2017
24 Dec 2016
(MENAFN) A senior Saudi official told Al Arabiya television channel that Saudi Arabia is planning to borrow between USD10 to USD15 billion from international markets in 2017 and around 70 billion riyals from the domestic market.
However, the Saudi government borrowed USD17.5 billion this year in its first international bond issue, and also raised a USD10 billion international loan.
Also, finance minister Mohammed al-Jadaan told Reuters that it offered about 20 billion riyals of domestic bonds to banks every month through September, before suspending those issues, and he expected to resume domestic bond issues in the first quarter of 2017.
M
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