Saudi Wealth Fund Sells First Euro Bond Amid Borrowing Push

Saudi Arabia’s Public Investment Fund, through its financing arm Gaci First Investment Co., sold €1.65 billion ($1.9 billion) across two tranches on Tuesday in its first euro-denominated bond offering.

The green offering is split between €800 million of three-year notes and €850 million of seven-year notes, according to a person familiar with the matter.