Saudi banks plan U.S. dollar bonds despite ample liquidity: sources | Reuters:
"At least three commercial banks in Saudi Arabia are preparing U.S. dollar debt issues, banking sources said, in what would be the first hard-currency debt sales by Saudi banks in several years.
The banks want to diversify their sources of finance and boost capital levels, but are in no rush for the cash as they are still flush with liquidity due to sluggish credit growth and looser public spending.
The kingdom’s increasing reliance on international bond issues has also freed up liquidity for local banks."
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