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FINANCIAL NEWS
Saudi Arabia to issue USD5.3bn of local bonds
22 Jun 2016
(MENAFN) Saudi Arabia will sell almost USD5.3bn of local bonds to banks, while the government has been selling it every month.
Meanwhile, this month’s domestic sale will cover five-, seven- and 10-year bonds in fixed and floating rate tranches.
Additionally, the fixed-rate bonds would be offered at 60-65 basis points, while treasuries for the five-year tranche, 72-77 bps over for seven years.
Moreover, the floating-rate bonds would be offered at 25 to 30 bps below the three-month Saudi interbank offered rate for five years.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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