UPDATE 2-Saudi Arabia widens funding base with dual-tranche debut euro bond - Reuters:
Saudi Arabia has hired a group of banks including Goldman Sachs and Societe Generale to arrange a global investor call ahead of an issuance of euro-denominated bonds, its first in that currency, as the kingdom seeks to diversify its investor base.
Riyadh has become a regular debt issuer over the past few years to offset the impact of lower oil prices on its finances.
It has so far issued debt in Saudi riyal and U.S. dollars, but its planned debut in the euro-denominated markets shows it is targeting new funding sources for future issues.
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