Saudi Arabia Returns to Dollar-Debt Market to Boost Finances
- Sale included $5 billion in 12-year, 40-year dollar securities
- Saudi Arabia follows bond sales from Oman, Bahrain this month
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Saudi Arabia sold a two-part dollar bond as countries in the Gulf Arab region raise cash buffers to weather low oil prices and the coronavirus pandemic.
The world’s largest crude exporter priced $5 billion in bonds on Tuesday, according to a person familiar with the matter, who asked not to be named.