Saudi Arabia pulls off triple in scorching EM market, Samba to follow
Saudi Arabia scored a triple tranche dollar deal inside its own curve on Tuesday, raising cash at seven, 12 and 35 years. Samba Financial Group has since followed its sovereign into the market with its own deal.
Samba Financial selected Citi and Standard Chartered to run the books for a seven year Reg S $500m no-grow bond. The leads offered initial price thoughts of 160bp over mid-swaps and, with the order books over $2.4bn, were able to tighten the spread to 135bp-140bp.“It’s ...
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