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Saudi Arabia plans benchmark-sized three-tranche bond

DUBAI: Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported, according to Reuters.

Initial guidance for the benchmark-sized six-year bond was around 115 basis points over US Treasuries, 135 bps over UST for the 10-year, and 195 bps for the 30-year portion.

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