PIF sells $4B worth of bonds: Report

23/01/2025 Argaam

Logo of The Public Investment Fund (PIF)

Saudi Arabia’s wealth fund sold on Jan. 22 international bonds worth $4 billion, Bloomberg reported, citing informed sources.

 

The Public Investment Fund (PIF) priced notes with maturities of five years and 9.5 years at spread premiums above US Treasuries of 95 and 110 basis points (bps), respectively, both 30 bps less than initial price talk.

 

Orders exceeded $16 billion, excluding joint lead manager interest, with demand equally split across the two tranches.

 

According to data compiled by Argaam, Bloomberg said earlier that the PIF is planning a USD-denominated bond issuance, to be executed in two tranches with maturities of five and 9.5 years.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read