Saudi Arabia Ramps Up Bonds to Help Fund MBS’s Big Projects
- Kingdom’s government sold a $5 billion Islamic bond on Tuesday
- Saudi Arabia is busiest borrower in emerging markets this year
Crown Prince Mohammed bin Salman
Photographer: Mandel Ngan/AFP/Getty ImagesThis article is for subscribers only.
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Saudi Arabia hasn’t had a busier stretch in the debt market since the 2014-2016 oil crash left its budget with a double-digit deficit.