| 2016-10-19 09:20:02|
09:20 10/19 10/19/16
Saudi Arabia launched its $17.5 B debt offering
Saudi Arabia launched its $17.5 B debt offering, as expected, with the $5.5 B 5-year price guidance of +135 bp over Treasuries, the $5.5 B 10-year at +165 bp and the $6.5 B 30-year at +210 bp. The deal should garner solid demand and any unwinding of rate lock hedging in wake of the pricing would tend to favor Treasuries after selling in front of the record deal.