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Monday, 30 January 2017

Saudi government suspends domestic bond issues for fourth month -Maaal | Reuters

Saudi government suspends domestic bond issues for fourth month -Maaal | Reuters:

"Saudi Arabia's government has decided to suspend its monthly issue of domestic bonds in January, refraining from issuing local currency bonds for the fourth month in a row, the Maaal financial news service reported on Monday. The suspension is possible because higher oil prices have improved government revenues and the government's $17.5 billion issue of international bonds last October was successful, Maaal quoted unnamed official sources as saying. Liquidity at banks is now good, after the government started to make delayed payments of its debts to the private sector, and banks would be able to cover any local bond issue if one occurred, the sources added. "



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