Saudi Government Preps Green Bond Debut as Debt Spree Carries On
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Saudi Arabia’s government mandated banks for another wave of debt sales, including a debut green bond, as the kingdom ramps up a borrowing spree aimed at helping to fund the country’s vast economic diversification agenda.
The Ministry of Finance may issue euro-denominated notes as soon as tomorrow, subject to market conditions, according to a person familiar with the matter, who asked not to be identified discussing private information. The offering may include a seven-year green bond and conventional with a tenor of 12 years, the person said.