Saudi Arabia gave price guidance for its planned three-tranche debut Eurobond on Tuesday. Price guidance is 160bps over U.S. treasuries for the five-year tranche; 185bps over treasuries for the ten-year tranche and it 235bps over treasuries for the 30-year bond tranche. Citigroup, HSBC and JPMorgan are global coordinators on the transaction, which is expected to price on Wednesday. Meanwhile, bankers and Investors say that the Kingdom is marketing the Eurobonds with a c50bps spread over Qatar’s maturing bonds in June 2021, June 2026 and June 2046 and trading at G-spreads of 113bp, 134bp and 177bp, respectively. (Reuters)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.