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Saudi raises $17 bn in biggest bond sale by emerging nation
short by Shubhodeep Datta / on Thursday, 20 October, 2016
Saudi Arabia has raised $17.5 billion in the biggest-ever bond sale by an emerging-market nation as it seeks to shore up finances affected by the slide in oil prices. Investors had submitted bids worth around $67 billion, reports stated. This sale eclipsed Argentina’s $16.5 billion offering in April, which was previously the largest by a developing nation.
read more at Bloomberg