LONDON, Oct 19 (IFR) - Saudi Arabia has launched a US$17.5bn
bond deal comprising five, 10 and 30-year bonds, according to a
A US$5.5bn five-year note has launched at 135bp over
Treasuries, a US$5.5bn 10-year at plus 165bp, and a US$6.5bn
30-year at plus 210bp.
Each note will price at the tight end of guidance, with the
five and 30-year bonds coming 25bp inside initial levels. The
10-year will price 20bp inside initial price thoughts.
The total orderbook at the last update was about US$67bn.
The notes are expected to be rated A1 by Moody's and AA- by
Pricing will be later today. Citi, HSBC and JP Morgan are
the global coordinators.
(Reporting by Sudip Roy, editing by Julian Baker)