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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Arabia Gets Over $35B in Orders for Triple-Tranche Bonds

Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. Picture taken December 18, 2017. REUTERS/Faisal Al Nasser

Saudi Arabia has received more than $35 billion in combined orders for a planned triple-tranche bond sale, two sources said on Wednesday.

Saudi Arabia has given initial price guidance of around 315 basis points over US Treasuries for the 5-1/2-year notes, around 325 bps over Treasuries for the 10-1/2-year bonds and 5.15% for the 40-year notes.

The deal is expected to close on Wednesday.

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