Saudi Arabia Raises $11 Billion in Biggest EM Bond of 2018 - Bloomberg

Saudi Arabia Raises $11 Billion in Biggest EM Bond of 2018 - Bloomberg:

"Saudi Arabia beat estranged neighbor Qatar to the bond market, raising $11 billion in the biggest dollar sale by an emerging-market sovereign this year. It moved quickly to sell the bonds without a roadshow, while Qatar, which is being boycotted by the kingdom and other Gulf states, is meeting investors in the U.S. and U.K. this week ahead of a possible offering. Here’s a breakdown of what Saudi Arabia sold: $4.5 billion worth of bonds due in 2025 at 140 basis points over similar-maturity U.S. Treasuries $3 billion of notes maturing in 2030 at a spread of 175 basis points $3.5 billion of 2049 bonds at 210 basis points over the similar benchmark"



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