Business
Saudi Sovereign-Financial Fund joins 100-Year Bond Club
Saudi Arabia has defied market turmoil to join the small club of issuers that have borrowed 100 years from investors, with their sovereign wealth fund selling super long-term debt as a part of a $3 billion bond market launch.
The sale of three parts of green bonds has attracted global investors for funds that will help support the Crown Prince’s key projects Mohammed bin Salmannational economic transformation.