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Saudi govt selling $5.3bn bonds, says report

RIYADH, August 23, 2016

The Saudi Arabian government is selling up to SR20 billion ($5.3 billion) of domestic government bonds to banks in a monthly sale to help cover a budget deficit caused by low oil prices, Maaal financial website reported on Tuesday.

The government has informed banks of their allocations of bonds, Maaal quoted unnamed sources as saying, without specifying how large those allocations were.

The central bank and finance ministry have not responded to public queries about the bond sales. -Reuters




Tags: Saudi | bonds |

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