Strong demand expected for KSA international bond sale
The Kingdom is set to launch its long-awaited first international bond sale on Wednesday.
Jeddah - Arab Today
The Kingdom is set to launch its long-awaited first international bond sale on Wednesday.
The Financial Times reported that bankers connected to the sale had said that initial price guidance for the bond, believed to be between $10 billion and $15 billion, would be released Wednesday.
The bond sale would be the largest international debt issuance in the Middle East and comes as the kingdom attempts to tackle a substantial budget deficit accrued as a result of the low oil price.
The newspaper said that strong demand was expected for the debut bond, quoting one banker as saying: “All going well, they should print later in the week”.
A roadshow to promote the bonds in the US and UK was scheduled to conclude on Tuesday.
Source: Arab News
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 01:54 2016 Tuesday ,27 September
Saudi Commission for Tourism and National Heritage makes quantum leap in tourism, heritage projects
GMT 07:30 2015 Saturday ,25 July
Auroras on Mars
GMT 04:06 2016 Saturday ,11 June
China's two-time Olympic champion receives interview with XinhuaGMT 08:02 2012 Friday ,23 March
Taiwan protest over criticism of foreign wivesGMT 10:15 2011 Monday ,15 August
Belgians mix largest ever mojito, enter Guinness Book
GMT 19:18 2017 Monday ,13 November
UK snake man's venom habit holds hope for new antidote
GMT 21:06 2011 Sunday ,16 October
New BMW 3 Series saloon
GMT 00:19 2015 Monday ,24 August
Tim McGraw, daughter Gracie McGraw sing duet
GMT 12:32 2017 Saturday ,30 December
Cairo church attack kills 10
GMT 10:49 2017 Wednesday ,18 October
Echoes of George Best as Manchester United and Benfica collide
GMT 15:13 2017 Monday ,20 February
Middle East backers to buy stake in Russian HelicoptersGMT 10:00 2012 Tuesday ,15 May
Stacy Keibler reveals sexy body
GMT 07:46 2017 Sunday ,10 December
Johnny:the biggest rock star you've never heard of
GMT 06:56 2017 Monday ,04 December
Venezuela creating digital currency
GMT 08:39 2017 Wednesday ,06 September
Saudi Arabia reaches World Cup finals with dramatic win
GMT 17:47 2016 Monday ,10 October
South Africa basks in continent's first solar-powered airport
GMT 01:47 2017 Friday ,26 May
'23 million Americans to lose health insurance by 2026'
GMT 11:44 2017 Saturday ,02 September
People forced to wait longer for social security
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor