Saudis Favor Local Sales as They Plan to Deepen Debt Markets - Bloomberg:
"Saudi authorities plan to keep selling local bonds every month as they seek to finance the budget deficit and deepen a nascent debt market, according to the official overseeing the kingdom’s borrowing strategy.
Fahad Al-Saif, head of the debt management office at the Ministry of Finance, said local issuance makes up about 65 percent of the kingdom’s sales and the government wants to maintain this ratio “plus or minus 10 percent for the foreseeable future.”"
'via Blog this'
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