Saudi Arabia Raises $12.5 Billion From Dollar Bond Offering - Bloomberg

Saudi Arabia Raises $12.5 Billion From Dollar Bond Offering - Bloomberg:

"Saudi Arabia raised $12.5 billion from its second dollar bond sale this year as the kingdom bolsters its finances amid an economic overhaul.

The government sold $3 billion of long five-year notes, $5 billion of the 10-year tranche and $4.5 billion of the 30-year offering, people familiar with the matter said, declining to be identified because the information is private. Investors submitted about $40 billion in bids, they said."



'via Blog this'