Financial, Global Investment, Investment Bankers, Middle East, News

Saudi Arabia Lines Up Banks for $15 billion Bond Sale

Saudi Arabia Lines Up Banks for $15 billion Bond Sale

Saudi Arabia seeks to launch its debut international bond of about 15billion as early as July. Banks expected to take part include the Bank of Tokyo Mitsubishi, HSBC, and JP Morgan Chase which were lead lender on Saudi Arabia $10 billion loan in April.  Others likely to take part in the talks include BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley.

“Saudi Arabia seeks to launch its debut international bond of about 15billion as early as July.”

~ Financial Times

The issuance will include several tenors up to 30 years in maturity and would probably be followed by a further bond later this year and potentially another one next year.

Related Reports: Financial Times, Bloomberg

 

About Bank of Tokyo Mitsubishi

The Bank of Tokyo-Mitsubishi UFJ, Ltd. provides various banking and financial services in Japan, North America, Latin America, Europe, the Middle East, Asia, and Oceania. The company operates through Retail Banking Business Unit, Corporate Banking Business Unit, Global Business Unit, Bank of Ayudhya, Global Markets Unit, and Other Units segments.

As of March 31, 2015, The Bank of Tokyo-Mitsubishi UFJ, Ltd. had 766 domestic branches and 75 international branches. The Bank of Tokyo-Mitsubishi UFJ, Ltd. was formerly known as Bank Tokyo-Mitsubishi Ltd. and changed its name to The Bank of Tokyo-Mitsubishi UFJ, Ltd. in January 2006. The company was founded in 1919 and is headquartered in Tokyo, Japan. The Bank of Tokyo-Mitsubishi UFJ, Ltd. operates as a subsidiary of Mitsubishi UFJ Financial Group, Inc.

Visit: Bank of Tokyo Mitsubishi


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