Tuesday 24 May 2016

Saudi Arabia’s Late Arrival to Eurobond Party Comes With a Cost - Bloomberg

Saudi Arabia’s Late Arrival to Eurobond Party Comes With a Cost - Bloomberg:

"By the time Saudi Arabia taps international investors for a debut bond, it may have to pay extra to lure money managers who have just gorged on debt sold by its neighbors.
When the kingdom invited banks last week to pitch to underwrite a bond issue, it joined the back of the line behind other Middle Eastern companies and states that have already raised $15 billion this year. Qatar is meeting investors this week about a possible $5 billion sale, following a similar-sized transaction from Abu Dhabi last month."



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