Saudi Arabia Megabond Said at Risk of 9/11 Legislation Delay
- Kingdom said to plan the sale of at least $10 billion of bonds
- Vote to override presidential veto to take place on Wednesday
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Saudi Arabia’s first international bond may be delayed by a U.S. vote on legislation that would allow the families of 9/11 victims to sue the Arab country, people with knowledge of the matter said.
A Senate vote to override President Barack Obama’s veto of the legislation on Wednesday could cause some investors to balk at the issue, two of the people said, asking not to be identified as the matter is private. The country is planning to sell at least $10 billion of bonds next month, four people said.