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Saudi Arabia is raising $ 11 billion of dollar bonds in three tranches

SAUDI ARABIA (OBSERVATORY) –┬áSaudi Arabia is raising $ 11 billion from the sale of dollar bonds in three tranches, its fourth issue of international sovereign bonds, a bank note said on Thursday.

Saudi Arabia has set the first tranche of seven-year bonds at $ 4.5 billion, at 140 basis points above US Treasuries, and the size of the second tranche for 12 years at $ 3 billion, at 175 basis points above US Treasuries, while it plans to raise $ 3.5 billion Of the third tranche for 31 years, at 210 points above US bonds.

Bond orders were worth more than $ 50 billion earlier on Tuesday.

Citibank, GIBB Capital, Goldman Sachs, HSBC and Morgan Stanley were appointed as global regulators.