Saudi Arabian government bonds held local banks rose by 1.4 per cent to SR 169,677m ($45.2bn) in August, figures contained in the Saudi Arabian Monetary Agency (Sama) monthly statistical bulletin published on 29 September show. This is the smallest increase…
Tag: bonds
Saudi Arabia ponders massive bond sale
For full coverage of Middle East business, see MEED Saudi Arabia, encouraged by the strong demand for GCC debt among international banks, is considering the sale of up to $15 billion of bonds this year, Bloomberg reported today. It would…
NBAD sells $750 million perpetual bonds
National Bank of Abu Dhabi’s (NBAD’s) inaugural dollar-denominated Tier 1 offering – a $750 million perpetual bond — was priced on 10 June. The bonds mature in five-years. They are rated at Baa3/BBB- by Moody’s and Standard & Poor’s respectively.…
Middle East M&A deals hit $9.5bn in Q1
The value of announced merger and acquisitions (M&A) transactions with a Middle East involvement reached $9.5 billion in the first quarter of 2015, less than half the value registered during the previous quarter, but 152 per cent higher than in the…