28/09/2017 05:38 AST

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.


Ticker Price Volume
QNBK 119.40 236,849
SABIC 99.36 3,002,574
WALAA 28.98 207,094
ALMARAI 52.21 561,662
SARCO 30.72 729,747
PETRORABIGH 13.38 1,032,933
EEC 13.31 427,009

TASI 6,822.45 44.13 (0.65%)

Dividend Yield (%)
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SABIC 99.36 0.28 (0.28%)
STC 68.81 0.01 (0.01%)
RJHI 63.25 0.56 (0.89%)
NCB 50.89 -0.62 (-1.21%)
SECO 23.97 0.49 (2.08%)
Muscat bourse recovers on retail support


Shares on the Muscat bourse firmed up on support from retail investors. MSM30 index closed on a flat note at 5,078.03 points, marginally up by 0.02 per cent. The MSM Sharia Index ended at 724.78 poin

Times of Oman

Emaar Properties see biggest daily gain on unit listing day


Emaar Properties rallied more than 2 per cent, the highest since mid-September, amid agressive buying after its unit, whose shares listed on the Dubai Financial Market, recovered from its intra-day l


Gulf stock markets mostly rally on oil


Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices, though Emaar Development sank on its debut after Dubai’s first big initial public offe

Saudi Gazette

Kuwait equities extend losses in choppy trade – NBK drops 15 fils;


Kuwait stocks headed south on Tuesday, extending its losses to third straight session. The main index dipped 25.75 pts in choppy trade to 6,231.97 points weighed by banking shares even as continuing

Arab Times

First listing of Emaar Development falls short of offer price


The initial listing price of Emaar Development, the property development business of the biggest United Arab Emirates (UAE) real estate company Emaar Properties, fell sharply at the start of its firs