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Saudi Arabia raises US$12.5b from dollar bond offering

Published Thu, Sep 28, 2017 · 09:50 PM

Dubai

SAUDI Arabia raised US$12.5 billion from its second dollar bond sale this year as the kingdom bolsters its finances amid an economic overhaul.

The government sold US$3 billion of long five-year notes, US$5 billion of the 10-year tranche and US$4.5 billion of the 30-year offering, people …

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