Dubai – Saudi Arabia entered debt markets on monday with a sale of triple-tranche islamic bonds with tenors of six, 10 and 30 years, a bank document showed on monday.
Initial guidance for the six-year bond was around 115 basis points (bps) over U.S. Treasuries (UST), 135 bps over UST for the 10-year, and 195 bps for the 30-year, the document on the sale showed.
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