Wednesday, 15 April 2020

#SaudiArabia gets over $35 billion in orders for triple-tranche bonds - sources - Reuters

Saudi Arabia gets over $35 billion in orders for triple-tranche bonds - sources - Reuters:

Saudi Arabia has received more than $35 billion in combined orders for a planned triple-tranche bond sale, two sources said on Wednesday.

The kingdom has given initial price guidance of around 315 basis points over U.S. Treasuries for the 5-1/2-year notes, around 325 bps over Treasuries for the 10-1/2-year bonds and 5.15% for the 40-year notes. The deal is expected to close on Wednesday.

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