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Saudi Arabia poised to sell $17.5-bn sovereign bonds

The government aims to sell dollar-denominated bonds due in five years yielding about 140 basis points more than similar-maturity US Treasuries

Arif Sharif & Archana Narayanan 

Saudi Arabia is planning to raise as much as $17.5 billion in the biggest bond sale ever from an emerging-market nation, according to two people with knowledge of the offering, as it seeks to shore up finances battered by the slide in oil. The government aims to sell dollar-denominated bonds due in five years yielding about 140 basis points more than similar-maturity US Treasuries, 10-year notes at a spread of about 170 basis points and 30-year securities at 215 basis points, the people said, asking not to be identified because the information is private. The sale would eclipse ...

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First Published: Wed, October 19 2016. 23:44 IST
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