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FINANCIAL NEWS
Saudi Arabia to issue USD10b worth of bonds
28 Aug 2016
(MENAFN) Saudi Arabia aims to issue at least USD10bn worth of bonds in Oct in its first global bond sale.
Additionally, the kingdom low debt to GDP ratio offers it with full room to enhance its bond issuance program in a lower rate environment.
Moreover, the issuance of bonds will help the kingdom cut the deployment of foreign reserves.
Meanwhile, Saudi Arabia decided to resort to the global markets rather than issue these bonds in the Saudi market in order to be safe economically.
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