saudi government selling up to sr20bn of bonds
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Saudi government selling up to SR20bn of bonds

Arab Today, arab today

Arab Today, arab today Saudi government selling up to SR20bn of bonds

The Saudi Arabian government is raising up to SR20 billion ($5.3 billion) from banks in this month's sale of domestic bonds, financial website Maaal
Riyadh - Arab Today

The Saudi Arabian government is raising up to SR20 billion ($5.3 billion) from banks in this month’s sale of domestic bonds, financial website Maaal reported.
The government began the regular monthly sales in mid-2015 to help cover a budget deficit caused by low oil prices. Since then it has sold SR156.6 billion of bonds, of which SR70.5 has come in the first half of this year, Maaal said.
The government has informed banks of August’s allocations, Maaal quoted unnamed sources as saying.
Saudi Arabian Monetary Agency and Finance Ministry have not responded to inquiries about the bond sales.
There are signs that Saudi banks are becoming less willing or able to buy government bonds as persistently low oil prices reduce the amount of spare cash they have available for such purchases.
Saudi banks’ holdings of government bonds increased by just SR3.1 billion month-on-month in June, a slower rise than in previous months, central bank figures show.
Bankers say that because the bond offers are shrouded in secrecy, it is impossible to be sure how much debt the government is selling.
Maaal quoted sources as predicting issues in 2016 would total SR100 billion.
In this month’s sale, the government offered five-year bonds at 64 basis points over US Treasuries, seven-year bonds at 77 bps over and 10-year bonds at 91 bps over, Maaal said. That is within the pricing ranges offered in last month’s sale.
The government also offered floating-rate bonds. Five-year bonds were offered at 25-30 bps below the three-month Saudi interbank offered rate, seven years at 10-15 bps below and 10 years at flat to 5 bps above SAIBOR — the same ranges as in July’s offer.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi government selling up to sr20bn of bonds saudi government selling up to sr20bn of bonds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi government selling up to sr20bn of bonds saudi government selling up to sr20bn of bonds

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 23:02 2018 Thursday ,13 December

Aoun meets UN Special Coordinator

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 03:51 2018 Saturday ,13 January

France laments 'dysfunction'

GMT 02:42 2016 Wednesday ,31 August

2 killed, 10 wounded in bomb attacks in Iraq's Baghdad

GMT 13:25 2017 Thursday ,12 January

Belgium charges 2 new suspects over 2015 Paris attacks

GMT 19:41 2017 Wednesday ,12 April

Baghdad neglected Historical Buildings cry for help

GMT 09:44 2017 Friday ,07 April

Samsung heir accused of bribery, perjury

GMT 16:22 2018 Friday ,07 December

UAE exhibition Numaish back with 70 designers

GMT 20:16 2016 Wednesday ,14 September

Eid day attack injures 4 in Pakistan

GMT 07:57 2016 Wednesday ,07 December

British PM joins Gulf summit

GMT 07:31 2016 Sunday ,18 December

Fierce clashes reported in Yemen-Saudi border

GMT 17:45 2016 Thursday ,08 September

BBC: Reporter freed after Boko Haram questioning

GMT 19:03 2013 Tuesday ,03 September

US Navy redeploys ships in Middle East

GMT 11:01 2017 Saturday ,22 July

In rebel-held Ukraine, activists struggle
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday