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Needs some cash

Posted by ipso facto @ 9:35 on August 6, 2015  

Saudi Arabia plans $27bn in bond issues

Saudi Arabia is returning to the bond market with a plan to raise $27bn by the end of the year, in the starkest sign yet of the strain lower oil prices are putting on the finances of the world’s largest oil exporter.

Bankers say the kingdom’s central bank has been sounding out demand for an issuance of about SR20bn ($5.3bn) a month in bonds — in tranches of five, seven and 10 years — for the rest of the year.

more http://www.ft.com/cms/s/0/e9e197fe-3b5d-11e5-8613-07d16aad2152.html#axzz3i2dbTGV5

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.