US EditionSNB's bond issuance gets orders of over $4bn
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SNB's bond issuance gets orders of over $4bn
The order book of Saudi National Bank’s (SNB) $1.25 billion bond sale swelled to more than $4 billion following high demand from local and global investors. The Saudi-listed lender’s Tier 2 capital notes have a tenor of 10 years and a spread of 200 basis points over US Treasuries, Bloomberg reported, quoting an unnamed source. The bond will be the largest issued by SNB, the Gulf’s second-biggest bank by market capitalisation, the report said. …
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