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JPMorgan, HSBC Among Banks to Help Manage Saudi Dollar Bond

  • Goldman and Citigroup also said to be picked as lead arrangers
  • Kingdom last week increased a $10 billion loan by $6 billion
Visitors stand and watch stock movements displayed on large video screens inside the Saudi Stock Exchange, also known as the Tadawul All Share Index in Riyadh, Saudi Arabia.

Visitors stand and watch stock movements displayed on large video screens inside the Saudi Stock Exchange, also known as the Tadawul All Share Index in Riyadh, Saudi Arabia.

Photographer: Simon Dawson/Bloomberg
Updated on

Saudi Arabia selected banks including JPMorgan Chase & Co. and HSBC Holdings Plc to help arrange the sale of a dollar-denominated bond, people familiar with the matter said, as the kingdom seeks to plug its budget deficit.

Goldman Sachs Group Inc., Morgan Stanley and Citigroup Inc. will also manage the offering that may happen as soon as this month, the people said, asking not to be identified because the information isn’t public.