Saudi Arabia has mandated banks to arrange the placing of three-part bonds as the world’s largest crude oil exporter is looking to raise more money to plug a budget deficit and fund its program to diversify from oil. The Saudis have mandated banks to help it sell three-, six- and 10-year notes, which could yield 85-110 basis points more than comparable U.S. Treasuries, an anonymous source with knowledge of the matter told Bloomberg on Tuesday. The latest bond sale from Saudi Arabia would come a few months after the Kingdom tapped…
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