KSA to issue SR20bn of domestic bonds

Saudi Arabia's government will sell about SR20 billion ($5.3 billion) of domestic bonds to banks next Monday, the Maaal financial website quoted official sources as saying on Tuesday.
Since last August, the government has been selling about SR20 billion of domestic bonds to banks every month. 
This month's domestic debt sale will comprise five-, seven- and 10-year bonds in fixed- and floating-rate tranches, Maaal said.
The fixed-rate bonds would be offered at 60-65 basis points above US. Treasuries for the five-year tranche, 72-77 bps over for seven years and 85-90 bps over for 10 years.
The floating-rate bonds would be offered at 25 to 30 bps below the three-month Saudi interbank offered rate for five years, 10 to 15 bps below for seven years and flat to 5 bps above for 10 years.
The Finance Ministry did not respond to a phone call seeking comment.

Source: Arab News