UPDATE 1-Saudi Arabia tests demand for Gulf debt with dollar bond | Reuters:
Saudi Arabia plans to issue U.S. dollar-denominated bonds on Wednesday, targeting longer dated maturities in a test of international investor demand for the Gulf region.
Hit by a slump in oil prices, Saudi Arabia has become one of the biggest issuers across emerging markets, having sold $52 billion in international bonds since its debut in 2016.
The kingdom, which plans to boost borrowing this year to back a planned increase in state spending, has started marketing bonds due in January 2029 and 2050, a document issued by one of the banks leading the deal showed on Wednesday.
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