Saudi Arabia raises $11 billion on the bond market
Saudi Arabia beat estranged neighbour Qatar to the bond market, raising $11 billion in the biggest dollar sale by an emerging-market nation this year.
The kingdom moved quickly to sell the bonds without a roadshow, forcing Qatar, which is being boycotted by Saudi Arabia and other Gulf states, to play catch-up. The smaller nation was due to meet investors in the U.S. and U.K. the week ending April 14 as Bloomberg Businessweek Middle East went to press, ahead of a possible offering. The country was hoping to get a deal away despite its isolation.
This story is from the 16 April, 2018 edition of Bloomberg Businessweek Middle East.
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This story is from the 16 April, 2018 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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