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Saudia started marketing its first issues of dollar bonds This year, the issue will be in 3 tranches with different deadlines, according to Bloomberg sources.
The first tranche will be for five years with an initial pricing of 140 basis points over similar US Treasury bonds, the second for ten and a half years with pricing around the level of 170 basis points over US bonds, and the third is for thirty years with a pricing of 210 basis points over US bonds.
The sources did not disclose the expected value of this issue.
It is noteworthy that the last dollar issuance to Saudi Arabia took place last October, with a value of $ 5 billion.
