Markets

Saudi Arabia's new $7.5 billion bonds trade up at market opening

Published January 10, 2019 Updated January 10, 2019 10:05am

Saudi Arabia sold on Wednesday a $4 billion bond due in 2029 and a $3.5 billion bond due in 2050. It attracted over $27 billion in demand for the issuance.

The debt sale was the first test of international bond market sentiment since the kingdom came under intense scrutiny in October from foreign governments and investors over the murder of journalist Jamal Khashoggi.

Copyright Reuters, 2019