Saudi Arabia plans to issue two benchmark-size dollar-denominated sukuk, 5-year
and 10-year, to raise funding after the economic hit from the conflict with
Iran, a source said. Orders exceeded $9bn excluding bookrunners' allocations.
Initial price guidance was about 100bps over US Treasuries for the 5-year and
about 110bps for the 10-year; final size and pricing could be set Tuesday night.
Separate reports say Riyadh is also in preliminary talks on a new loan to raise
at least $8bn.
