Saudi Arabia offers current dollar bond purchase, issues new ‎ones

A disclosure to the London Stock Exchange showed today, Tuesday, that Saudi Arabia made an offer to holders of existing bonds to buy them in cash, and that it may issue new bonds.

The Ministry of Finance invited holders of its $3 billion in bonds due in 2023, $4.5 billion in bonds due in April 2025, $2.5 billion in bonds due in October 2025, and $5.5 billion in bonds due in 2026.

According to “Reuters”, the ministry said it intends to issue a series of new dollar-denominated bonds at a fixed interest rate as part of its global medium-term securities program, as well as new dollar-denominated bonds subject to market conditions.