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Saudi Arabia Attracts $12B+ Orders for Dollar Sukuk Sale

Bloomberg Markets •
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Saudi Arabia’s dollar-bond sale has drawn in offers exceeding $12 billion, a sign that demand for the country’s debt remains healthy despite the economic strain caused by the Iran war. The kingdom is offering two tranches of benchmark-sized dollar sukuk, with five and 10-year maturities, according to a person familiar with the matter. Order book indications exclude lead managers’ interest.