Saudi Arabia repeatedly tapped the domestic sovereign debt market last year, raising a total of SR98bn ($26bn). It is expected to raise a further SR120mn ($32bn) in 2016, according to the latest update on the Saudi economy by Jadwa Investment.
Now, as part of its latest cash-raising plans, Riyadh appears to have asked lenders to submit proposals for a five-year dollar-denominated loan totaling $6-8bn, Reuters reports. (CONTINUED - 738 WORDS)
