The Saudi Ministry of Finance yesterday issued bonds worth $10 billion in three tranches.
The price of three tranches of bonds fell below the indicative price after more than $35 billion in orders were received before the close.
The Kingdom issued $3.250 billion in five-year bonds, 110 basis points above the price of US Treasuries.
As for the second tranche, it amounted to $3.5 billion for ten and a half years, which is 140 basis points higher than the US bond rate.
And the third tranche, in three and a quarter billion dollars for 30 years, at 5.5%.
