UPDATE 4-Saudi Arabia to raise 3 billion with debut euro debt sale - Reuters:
Saudi Arabia is set to raise 3 billion euro out of orders in excess of 14.5 billion with its first bond issuance denominated in that currency, as the kingdom taps new financing sources to cover its budgetary needs in an era of lower oil prices.
The Saudis have sold nearly $60 billion in international bonds since their debut as a global borrower in late 2016, making the kingdom one of the biggest debt issuers among emerging markets.
Its foray in the euro debt market - the first by a Gulf government - will allow it in the future to tap different investors at different times.
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