Saudi Arabia gives initial price guidance for multi-tranche dollar bond | ZAWYA MENA Edition

Saudi Arabia gives initial price guidance for multi-tranche dollar bond | ZAWYA MENA Edition:

"Saudi Arabia has given initial price guidance for a planned multi-tranche dollar bond, a document from one of the banks leading the potential deal showed.

Citi, GIB Capital, Goldman Sachs International, HSBC, and Morgan Stanley have been appointed as global coordinators for the issue. Bank of China, Industrial and Commercial Bank of China, JPMorgan Chase & Co, Mitsubishi UFJ Financial Group are working as joint lead managers.

The kingdom has established itself as one of the top emerging market debt issuers after it began issuing international sovereign bonds in 2016 with a $17.5 billion sale. The proceeds from the sale are being used to help fill a budget deficit caused by low oil prices."



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