(MENAFN) Saudi Arabia will sell almost USD5.3bn of local bonds to banks, while the government has been selling it every month.
Meanwhile, this month's domestic sale will cover five-, seven- and 10-year bonds in fixed and floating rate tranches.
Additionally, the fixed-rate bonds would be offered at 60-65 basis points, while treasuries for the five-year tranche, 72-77 bps over for seven years.
Moreover, the floating-rate bonds would be offered at 25 to 30 bps below the three-month Saudi interbank offered rate for five years.
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