Saudi plan will help boost market for bonds - The National Newspaper

The need to supply finance for Saudi Arabia’s ambitious infrastructure programme is expected to help deepen the country’s bond market, bankers says.

But the lack of sovereign bond issuance could act as a setback in creating a yield curve to guide corporate issuers in pricing their own bond sales.

“Given the amount of infrastructure spending, it’s inevitable that there will be more project bonds being issued,” Rizwan Shaikh, the director of Citigroup Global Markets, said at a Saudi Arabia investment conference in Dubai yesterday.