Saudi supersizes debut as pricing gaps tighter

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Saudi supersizes debut as pricing gaps tighter

Saudi Riyadh px230 for GC

Saudi Arabia’s debut bond was met on Wednesday with enormous demand as investors poured in over $67bn of orders for the triple trancher by mid-morning. The deal, set at $17.5bn, will be the biggest emerging markets sovereign bond ever as one EM specialist questioned how the 30 year piece in particular could be priced so tight.

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