(Bloomberg) — Saudi Arabia, one of the largest bond issuers in emerging markets last year, signaled it’s set to maintain a similar pace of borrowing in 2025 to help fund huge oil-diversification projects.
The kingdom’s funding needs this year are estimated to be 139 billion riyals ($37 billion), the National Debt Management Center said in a statement late Sunday. Just over 100 billion riyals will cover the budget deficit, while the rest will be used to repay maturing debt, the NDMC said.
As well as bonds, the Saudi government is likely to issue loans. Last week, it announced it got a $2.5 billion three-year revolving credit facility from three banks. They were Abu Dhabi Islamic Bank, Credit Agricole SA and Dubai Islamic Bank,…
