"Bloomberg"Saudi Arabia raises $10 billion in bonds

Bloomberg reported, citing a source, that Saudi Arabia issued bonds in three tranches, through which it raised $10 billion at the first issue in 2023.

According to what the agency cites a source, total investor requests totaled $35 billion for bonds maturing in five, 10.5 and 30 years as it seeks to take advantage of slowing inflation that has raised hopes for an easier path to raise interest rates. .

The source indicated that the price of the deal was increased by about 110 basis points and 140 basis points for US Treasuries for 5 and 10 and a half years, and for 30-year bonds by 5.5%.

Source: Bloomberg.