According to the data from the Financial News (IFR) news service, the bonds for seven years were valued at 115 basis points over the average rate for fixed and floating rate bonds, and at 145 basis points over the same standard for bonds for 12 years. The total volume of applications for placement amounted to about 10 billion euros, which indicates strong interest from investors.
The central authority of Saudi Arabia on debt management stated that the issuance attracted about 2.36 billion dollars (2.25 billion euros) through the issuance of green bonds for the first time denominated in euros for a duration of seven years, as well as traditional bonds for 12 years. The decrease in prices compared to previous estimates indicates a significant interest in new bond issues.
