Deals

News Photos

Saudi Arabia passes bond test as investors look past Khashoggi
Click on the image below to view in Stereo 3D

Looking past Khashoggi, investors flock to Saudi Arabia bond sale
Foreign investors flocked to buy Saudi Arabia's first dollar bonds since Jamal Khashoggi's death, in a clear vote of market confidence after the country's reputation was damaged over the journalist's murder. The finance ministry in Riyadh said on Thursday the order book for the $7.5 billion sale of longer-term debt sale peaked at $27.5 billion, with final pricing only a few basis points above corresponding secondary market yields. Almost all the paper was bought by foreign investors, with U.S.-based buyers in particular snapping up 40 percent of the bond due in 2029 and 45 percent of the note due in 2050.
More Description
Image URL


Saudi Arabia passes bond test as investors look past Khashoggi
The sale coincides with improved conditions across emerging markets, with yields compressing over the past few weeks, and Timothy Ash, senior emerging markets strategist at Bluebay Asset Management, called it 'opportunistic'. 'The issuance received significant interest from international investors, with the orderbook peaking at $27.5 billion,' it said. Hit by slumping oil prices, Saudi Arabia has become one of the biggest issuers across emerging markets, having sold $52 billion in international bonds since its debut in 2016.
More Description
Image URL

 
 
 
vlrPhone
vlrFilter

Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications
Multifunction Audio Filter with Remote Control
More Information
Free the Animation VR
AR

Play to reveal 3D images and 3D models
More Information

WhmSoft Moblog
Copyright (C) 2006-2019 WhmSoft
All Rights Reserved