Saudi supersizes debut as pricing gaps tighter
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Emerging MarketsEM Middle East

Saudi supersizes debut as pricing gaps tighter

Saudi Riyadh px230 for GC

Saudi Arabia’s debut bond was met on Wednesday with enormous demand as investors poured in over $67bn of orders for the triple trancher by mid-morning. The deal, set at $17.5bn, will be the biggest emerging markets sovereign bond ever as one EM specialist questioned how the 30 year piece in particular could be priced so tight.

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