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.

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