Saudi Arabia Seen Raising $32 Billion in 2016, Saudi Fransi Says
- Government expected to expand domestic bond programme
- Monthly bond issuance of about 10 billion riyals forecast
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Saudi Arabia will probably sell about 120 billion riyals ($32 billion) of debt in 2016 as the country seeks to prop up its finances after oil’s slump, according to Saudi Fransi Capital.
Next year’s expected 10 billion riyals a month of sales will add to an estimated 135 billion riyals of debt issuance this year, analyst Aqib Mehboob wrote in a note to investors on the country’s banking industry.