Bonds
Saudi Arabia Starts 2025 With a $12 Billion Bond and PIF Loan
- The kingdom was among largest EM bond issuers last year
- The money will help pay for the crown prince’s projects
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Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a borrowing spree to fund its vast economic-transformation plan.
The kingdom sold $12 billion of bonds on Monday, while the sovereign wealth fund announced a $7 billion Islamic loan signed with 20 banks. Days earlier, the finance minister said it had raised $2.5 billion from three foreign banks.