There’s a “wall of cash that investors need to put to work” and Saudi Arabia “ticks all the boxes.”
–Chavan Bhogaita, head of strategy at First Abu Dhabi Bank, comments on Saudi Arabia’s just completed $5 billion Eurobond that is part of the $32 billion of local currency and international debt the kingdom is expected to issue in 2020. This bond issue had more than $23 billion in orders. [bloomberg.com]
