Tuesday 2 February 2016

Saudi debt sale at mercy of oil volatility - FT.com

Saudi debt sale at mercy of oil volatility - FT.com:

"Saudi Arabia’s ambition to tap global bond markets in 2016 has international banks lobbying hard for a place on the deal, competing to convince Riyadh they can secure the best borrowing rate for what is expected to become a new benchmark in Middle Eastern debt.
But amid competition for market share between oil producers pushing oil prices to multiyear lows and fellow oil-exporters Nigeria and Azerbaijan looking to emergency bailouts, the kingdom is being advised to tread carefully."



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