Saudi Arabia’s Public Investment Fund returns to debt markets with 3-tranche bond offer
LONDON: Saudi Arabia’s Public Investment Fund plans to issue benchmark-sized bonds in three tranches, fixed-income news service IFR said on Thursday, as the sovereign wealth fund returns to debt markets to help finance the Kingdom’s economic diversification. Initial price guidance was set at around 130 basis points over US Treasuries for a three-year bond, 135…

