Saudi sequel is box office hit

摘要

The sequel to saudi Arabia's record-breaking debut trade may have lacked the wow factor of last year's premiere, but the sovereign still managed to raise US$12.5bn at tight spreads against a jittery backdrop in Treasuries. A premium of 7bp-l 5bp for the triple-tranche trade, which consisted of March 2023, March 2028 and October 2047 notes, was a good outcome for Saudi Arabia as the deal priced on a day that saw 10-year Treasury yields jump 8bp.