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Saudi Arabia’s planned triple-tranche international bond issue is expected to be $12.5 billion in size, and order books total over $40 billion, sources familiar with the matter said on Wednesday.
The bond, split into three tranches maturing in March 2023, March 2028 and October 2047, will price later on Wednesday.
Initial price guidance for the three tranches was in the 130 basis points over US. Treasuries area for the long five-year tranche, 165 bps over for the long 10-year and 200 bps over for the 30-year.
Guidance was tightened by 15 bps, with the bond expected to price within a range of plus or minus 5 bps across the three tranches, IFR reported on Wednesday.
GIB Capital, Goldman Sachs International, HSBC, J.P. Morgan, and MUFG are the joint lead managers and joint bookrunners.
Kuwait stocks sagged on Sunday as it resumed trading after a five-day break. The All Shares Index slipped 12.92 pts in a sluggish session to 5,088.86 points weighed by some of heavyweights even as KI
The Dubai Financial Market General Index (DFMGI) dropped by 47.1 or 1.67 per cent last week to close at 2,778.76, the largest decline in 13 weeks. Market breadth was also bearish with 27 issues decli
Boursa Kuwait announced on Saturday it would begin on Sunday effecting Over the Counter Market (OTC) regulations and trading in this off-exchange system at the national stock exchange.
Boursa Kuwait announced Saturday the introduction of an Over the Counter Market (OTC). The new market will serve as a trading platform for companies that are not listed on Boursa Kuwait.
First Abu Dhabi Bank (FAB) surged with aggressive volumes even as the Abu Dhabi index jumped more than a per cent to breach the keenly watched level of 5,000 level on Wednesday.
The Abu Dh