Friday, September 29, 2017

Debt Is Cheap Now, But I Kind Of Feel They Should Have Started This Process A Few Years Ago

Saudi Arabia in huge new bond sale to finance deficit

Saudi Arabia on Thursday announced it had undertaken another multi-billion dollar bond sale to finance a persistent budget deficit left by low oil prices. The world's top crude oil exporter raised $12.5 billion (10.6 billion euros) in its third international bond issue, the finance ministry said. It comes as Saudi Arabia pursues economic and social reforms…