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C Citigroup Inc

62.625
1.11 (1.80%)
Last Updated: 20:16:56
Delayed by 15 minutes
Share Name Share Symbol Market Type
Citigroup Inc NYSE:C NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.11 1.80% 62.625 62.94 61.72 61.99 8,840,812 20:16:56

Saudi Arabia Plans First International Bond Sale -- Banker

18/10/2016 3:00pm

Dow Jones News


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By Nicolas Parasie

 

DUBAI--Saudi Arabia plans to sell its first international bond after releasing pricing guidance Tuesday on a multi-tranche, U.S. dollar offering, according to a banker aware of the transaction.

The country set its initial pricing guidance for the five-year tranche around 160 basis points above U.S. Treasurys. The 10-year tranche is tentatively priced around 185 basis points above U.S. Treasurys and the 30-year tranche at 235 basis points above U.S. Treasurys.

Bankers expect Saudi Arabia to raise at least $10 billion via the bond sale, which will help boost its finances as the kingdom copes with falling income from oil sales.

Saudi Arabia is concluding its roadshows in the U.S. Tuesday. J.P.Morgan, HSBC and Citigroup are the joint coordinators.

 

Write to Nicolas Parasie at nicolas.parasie@wsj.com

 

(END) Dow Jones Newswires

October 18, 2016 09:45 ET (13:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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