Saudi Arabia to issue SAR20bn bonds to banks next week
The government is reportedly in talks with local banks to SAR20bn (USD5.3bn), to be allocated next week, leading to a total amount of SAR95bn worth of bonds issued by the government to local banks this year. The maturities remain the same as the last issue in October, but the yields for the new offering are different. The five-year tranche will yield 2%, a seven-year portion will yield 2.25% and a 10-year tranche 2.90%. (Reuters)
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