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Goldman, Deutsche Bank Said Among Saudi Bond Lead Managers

  • BNP, Morgan Stanley, MUFG, Bank of China said to be on deal
  • Lenders to work with Citi, HSBC and JPMorgan on bond sale
The King Abdullah financial district in Riyadh, on Jan. 10, 2016.

The King Abdullah financial district in Riyadh, on Jan. 10, 2016.

Photographer: Waseem Obaidi/Bloomberg
Updated on

Saudi Arabia appointed six banks as co-lead managers on its first international bond sale as the country looks to plug a budget deficit caused by the drop in oil prices, according to people familiar with the matter.

The kingdom hired Bank of China Ltd., BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc., Mitsubishi UFJ Financial Group Inc. and Morgan Stanley to arrange the sale, the people said, asking not to be identified as the information is private. The banks will hold a meeting later this month to start working on the deal, two of the people said.