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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 gained by 0.12 per cent to close at 4595.16 points. MSM Sharia index closed at 661.96 points, up by 0.32 per cent. Galfar Engineering was the most active in terms of volume while Bank
Times of Oman
Nasdaq Dubai said on Monday it plans to launch equity futures on shares of leading companies of Saudi Arabia to enhance investor interest as the country opens up to foreign investors.
Shares of real estate, banks and companies dependent on consumer spending will benefit from the 100 per cent foreign ownership and visa measures announced by the UAE government, market experts said.<
Dubai stocks climbed to a more than two-week high on Monday, as sentiment for property shares was lifted by a decision of the United Arab Emirates’ government to grant residency visas of up to 10 yea
The Gulf Today
Saudi Stock Exchange (Tadawul) has announced major changes in the methodology for determining the opening and closing prices on both the Main Market and Nomu - Parallel Market - effective from May 27