Saudi Arabia is tapping the international bond market for the third time this year to lock in low borrowing costs.
The kingdom is selling dollar-denominated Islamic debt maturing in 9 1/2 years and a 30-year conventional bond, according to a person familiar with the matter. The deal may price on Tuesday, the person said.
The Saudi economy has rebounded this year as the coronavirus pandemic eases and oil prices soar. Moody’s Investors Service raised the country’s credit-rating outlook to stable from negative on Friday, citing the government’s improving fiscal position.
No comments:
Post a Comment