Saudi Arabia to Sell $7.5 Billion of Bonds in Two Parts
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Saudi Arabia set the size of its dual-tranche bond offering at $7.5 billion, according to a person familiar with the matter, who is not authorized to speak publicly and asked not to be identified.
The spread on the shorter portion of the deal, a $4 billion 10-year note maturing in April 2029, is 175 basis points over Treasuries, according to the person. The spread on the $3.5 billion, 31-year bond is set at 230 basis points.