Saudi's $11 billion bond largely covers dollar funding for 2018: official:
"Saudi Arabia has largely covered its hard currency funding needs for 2018 by completing this week’s $11 billion international bond issue, the head of the kingdom’s debt management office said.
Riyadh has become one of the biggest emerging market debt issuers since it started borrowing internationally in 2016 to finance a state budget deficit caused by low oil prices.
This week it issued its fourth international bond in tranches of seven, 12 and 31 years, attracting massive investor orders of $52 billion. That followed last month’s $16 billion syndicated loan refinancing, which expanded the original facility by $6 billion."
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