SAUDI ARABIA SETS BOND BUYBACK MAXIMUM ACCEPTANCE AT $1 BLN – FILING

Saudi Arabia has set at $1 billion the maximum acceptance amount for a tender of its existing bonds maturing between 2023 and 2026, a London Stock Exchange filing showed on Wednesday.Saudi Arabia raised $5 billion via a two-tranche sale of sukuk and co…

Saudi Arabia has set at $1 billion the maximum acceptance amount for a tender of its existing bonds maturing between 2023 and 2026, a London Stock Exchange filing showed on Wednesday.

Saudi Arabia raised $5 billion via a two-tranche sale of sukuk and conventional bonds on Tuesday, its first international debt sale in almost a year.

Source: National News Agency