Saudi Arabia May Tap Debt Market in January to Cover Deficit

Via Vivian Nereim and Sarah Algethami in bloomberg.com : Most of the debt will be local and about 45% will be raised overseas through sukuk and conventional bonds, Fahad Al-Saif, head of the Finance Ministry’s debt management office, said in an interview on Wednesday. The country will also refinance roughly 44 billion riyals ($11.7 billion) of existing local debt, he said.





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