A look ahead to Saudi Arabia’s international bond issuance
Saudi Arabia’s upcoming international bond sale has sparked a lot of investor interest and we estimate that the Kingdom will manage to sell its 10-year debt for a relatively low yield of 3.50-3.75%. Moreover, the issuance should go a long way to financing the twin budget and current account deficits over the next year and stem the bleed of the country’s FX reserves.
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