Saudi Public Investment Fund sells multi-tranche US dollar bonds
Updated
Updated · Bloomberg · May 7
Saudi Public Investment Fund sells multi-tranche US dollar bonds
9 articles · Updated · Bloomberg · May 7
The sovereign wealth fund is offering three-year, seven-year and 30-year benchmark notes, with initial price thoughts at 130 to 170 basis points over US Treasuries.
Final terms are expected later on Thursday, in what would be PIF's first dollar bond sale since market disruption linked to the Iran conflict.
The deal signals Gulf issuers are returning to public debt markets after the regional turmoil, testing investor demand for long-dated Saudi risk.
Saudi Arabia's wealth fund is cutting global projects. Is its new bond sale a strategic pivot or a sign of war-induced financial strain?
Global funds are ditching bonds for private equity. Why is Saudi Arabia's wealth fund now borrowing billions through them?
As Saudi Arabia's $925B fund turns inward, which US industries will feel the chill of its massive investment retreat?