Saudis Selling Debt on Need-to-Know Basis Keep Analysts in Dark
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Almost a month after Saudi Arabia issued its first debt in eight years, the world still knows next to nothing about the securities.
OPEC’s biggest oil producer and home to Islam’s holiest sites said in July it sold 15 billion riyals ($4 billion) of bonds to domestic banks, yet details of the issuance, including the price, the maturity and even the date of the sale remain elusive.