Saudi Arabia issues bond, central bank governor says — Al Iqtisadiya | GulfNews.com:
"Saudi Arabia has issued bonds worth 15 billion riyals (Dh14.69 billion, $4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted saying by al-Iqtisadiya daily on Friday.
The bonds will help pay for a budget deficit now forecast to exceed the 145 billion riyals previously expected, Fahad al-Mubarak, Saudi Arabian Monetary Agency (SAMA) governor was quoted by al-Iqtisadiya as telling a news conference on Thursday.
He added that Riyadh had already withdrawn 244 billion riyals from reserves in 2015 and that further bonds were likely to help finance the deficit, the first anticipated since 2009 on the back of falling oil revenue."
'via Blog this'
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