Saudi Arabia debt sale faces pricing pressure - FT.com

Saudi Arabia debt sale faces pricing pressure - FT.com:

"Saudi Arabia is being warned to expect higher borrowing rates than neighbouring Gulf governments as it plans one of the largest sales of emerging market debt.
The kingdom’s long-anticipated debut on international debt markets will begin in earnest next week as banks undertake the delicate job of pitching to sell a possible $15bn issue of dollar-denominated debt late this year.
Although the sale is still months away, early soundings from investors and bankers suggest Saudi Arabia’s 10-year borrowing rate could be around 4 per cent — a higher rate than Qatar and Abu Dhabi paid in recent bond sales."



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