Saudi regulator approves exchange listing of domestic government bonds | ZAWYA MENA Edition:
"Saudi Arabia's securities regulator said on Sunday it had approved the listing of local currency government bonds on the Saudi Stock Exchange, part of efforts to spur secondary market trading of debt and strengthen state finances.
The Capital Market Authority said over 204.4 billion riyals ($54.5 billion) of riyal bonds would be available to trade, including floating- and fixed-rate bonds and Islamic instruments. The CMA did not say when trade would start, but it usually begins within weeks of the CMA approving an instrument.
Authorities hope exchange-based trading of government debt will help to expand ownership beyond banks to insurers, mutual funds and even individual investors, making it easier for the government to finance its budget deficit."
'via Blog this'
No comments:
Post a Comment