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Saudi Arabia ready to issue new international bonds as soon as January

Published: Updated:

Saudi Arabia might issue new international bonds as soon as January, as part of plans to raise $32 billion worth of debt next year, a senior finance ministry official told Reuters.

Local issues are expected to account for 55 percent of the total debt issuance plan, and the remainder will be raised internationally, Fahad al-Saif, who heads the kingdom’s debt management office (DMO), said in an interview.