#SaudiArabia has completed its first international #bond issuance of $12 billion in 2024.

The issuance was oversubscribed 2.5 times, with investors from around the world showing strong demand for Saudi debt.

The issuance is part of the Kingdom's strategy to diversify its funding sources and attract foreign investment.

It also reflects the confidence of international investors in Saudi Arabia's economy.

The issuance is divided into three tranches, with maturities of 6 years, 10 years, and 30 years. Citigroup, JPMorgan Chase, HSBC Holdings, and Standard Chartered are managing the transaction.

The world of capitalism will never learn the lesson from the failed product called BONDS.

#nostr #bitcoin