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By Saeed Azhar, Katie Paul and Sudip Roy
The country is planning to borrow funds in the internationaldebt capital markets soon, in what would be its fourthinternational public debt issue.
Both Saudi Arabia’s Debt Management Office and the fourbanks declined to comment.
After the loan deal, the country started borrowinginternationally through jumbo bond issues, establishing itselfas the most prominent issuer in the region.
It sold a
It is not clear whether the upcoming deal will be as largeas Saudi’s previous issues. The head of the Debt ManagementOffice (DMO) said in October last year that the government wasconsidering whether to make a greater number of internationalbond sales but reduce the size of the transactions.
The DMO said in January that it had contacted banksrequesting proposals to refinance the loan facility, arrangefurther
“The bond request for proposal is a continuation of thefunding programme established by KSA in 2016, and as part of theKingdom’s commitment to the international debt market,” the DMOsaid at the time.
(Additional reporting by Davide Barbuscia and Tom Arnold.Editing by Jane Merriman)
