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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.
The MSM30 index ended lower on Wednesday and closed at 4,485.06 points, down by 0.24 per cent. MSM Sharia Index closed at 622.01 points, down by 0.06 per cent. Bank Muscat was the most active in term
Times of Oman
Trade values dwindled on the UAE’s stock markets, with the main indices ending nearly flat on Wednesday amid a lack of catalysts to drive any strong trading activity.
The Dubai Financial Ma
Kuwait stocks slipped into red on Wednesday extending the losses to third straight session. The All Shares Index dropped 10.78 points in choppy session to 5118.62 points dragged by heavyweights even
The MSM30 index ended lower on Tuesday and closed at 4,495.69 points, down by 0.45 per cent. MSM Sharia Index closed at 622.37 points, down by 0.03 per cent. Bank Muscat was the most active in terms
Times of Oman
The UAE’s main stocks indices ended lower on Tuesday, albeit marginally, as sentiment remained sour amid concerns about emerging market stocks and currencies as well as trade tariffs.