Investment Banking

Saudi Arabia tests markets with first bond since Khashoggi killing

$7.5bn issuance comes at a testing time for Saudi government finances as the price of oil slides

Saudi Arabia tests markets with first bond since Khashoggi killing
Photo: Getty Images

Saudi Arabia is set to issue its first government bonds since the killing of journalist Jamal Khashoggi, in a test of global investor sentiment towards the kingdom.

The long-dated debt securities, worth $7.5bn, were sold on January 9. BNP Paribas, Citigroup, HSBC, JPMorgan and Riyadh-based NCB Capital arranged the bond sale.

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