Saudi Arabia Launches $17.5 Billion Bond Sale to Global Investors – Wall Street Journal

Saudi Arabia launched the sale of $17.5 billion of debt on Wednesday, according to two people familiar with the deal, in what would be the largest emerging-market bond issue. It is the kingdom’s first international bond sale, a bid to support a sweeping effort to keep its economy afloat as oil income dwindles.

The sale is the latest example of a Persian Gulf state turning to international markets to offset declining oil revenues….

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