Saudi Arabia Times Bond to Catch Pre-Election ‘Sweet Spot’
- Oil rises, Trump campaign stumbles to create opening
- Kingdom plans investor meetings from London to Los Angeles
Saudi Times Bond Debut to Catch 'Sweet Spot'
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Saudi Arabia missed September’s annual surge in new debt deals, but the timing for its first foray into the international bond market may prove to be just right.
As oil prices rose to a one-year high on Monday and Donald Trump’s presidential bid was hit by furor over a 2005 video, the kingdom unveiled long-awaited plans to hold investor meetings in London, Los Angeles, Boston and New York from Wednesday. Saudi Arabia may sell bonds maturing in five, 10 and 30 years, joining a wave of developing nations raising cash before the November ballot and as Federal Reserve interest-rate hikes draw closer.