Wednesday, 24 February 2021

#SaudiArabia gives final price guidance for euro-denominated bonds - document | ZAWYA MENA Edition

Saudi Arabia gives final price guidance for euro-denominated bonds - document | ZAWYA MENA Edition

Saudi Arabia tightened price guidance for a euro-denominated bond deal comprising tranches of three and nine years after receiving over 4.9 billion euros in orders for the debt sale, a document showed on Wednesday.

It gave final price guidance of around 45 bps plus or minus 5 bps over mid-swaps for the three-year and around 75 bps plus or minus 5 bps over mid-swaps for the nine-year notes, the document from one of the banks on the deal showed.

Initial price guidance was around 60 bps over mid-swaps for the three-year portion around 90 bps over mid-swaps for the nine-year bonds.

BNP Paribas , Goldman Sachs , HSBC , Citi , JPMorgan , Standard Chartered and Samba Capital are arranging the deal, which is expected to close later on Wednesday.

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