Saudi 30-yr bond price guid­ance at 235 bps

Kuwait Times - - BUSINESS -

DUBAI: Saudi Ara­bia gave price guid­ance for its planned three-tranche de­but Eurobond yes­ter­day. Pric­ing guid­ance for the five-year tranche was in the 160 ba­sis points over US trea­suries area; guid­ance for the ten-year tranche was in the 185bps over trea­suries area and it was in the 235bps over trea­suries area for the planned 30-year bond tranche. Citi, HSBC and JP Mor­gan are the co­or­di­na­tors of the se­nior un­se­cured 144A / Reg S bond.

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