Saudi Arabia’s ministry of finance has completed the successful pricing of $11 billion in bonds split into three tranches.
The transaction was the kingdom’s third international issuance under its global medium-term note programme. It issued $4.5 billion in seven-year notes, $3 billion in 12-year notes and $3.5 billion in 31-year notes.
Orders went up to $52 billion, the ministry said in a statement.
The issuance is expected to settle around April 17.
