Saudi Arabia hires Goldman, SocGen for bond meetings in Europe- sources | ZAWYA MENA Edition:
Saudi Arabia has hired Goldman Sachs and Societe Generale to help arrange meetings with fixed income investors in the coming days, sources familiar with the matter said, potentially paving the way for the kingdom to launch its first bonds in euros.
Riyadh began issuing international bonds in 2016 after lower oil prices hit its finances. Since then, it has become one of the biggest international debt issuers, having sold nearly $60 billion in U.S. dollar-denominated bonds.
Finance Minister Mohammed al-Jadaan said in April the kingdom was considering issuing its first euro-denominated bonds this year, as it looks to diversify its funding base.
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