UPDATE 1-Saudi Arabia extends domestic debt curve with new sukuk issue | Reuters:
Saudi Arabia sold around $1.6 billion in local currency debt with maturities of 10 and 15 years, the longest-dated public debt ever issued domestically by the kingdom.
Saudi Arabia began offering local currency bonds in monthly auctions in mid-2015 to help cover a huge budget deficit caused by low oil prices.
It suspended those issues in late 2016 as banks struggled to absorb so much debt and Riyadh began to borrow overseas, but launched monthly sukuk issues in mid-2017.
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