19-10-2016 14:13 via news.yahoo.com

Saudi Arabia draws $67 billion demand for first international bond

By Davide Barbuscia and Sudip Roy DUBAI/LONDON (Reuters) - Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the world's top crude exporter allayed concern about the impact of low oil prices on its finances. A source familiar with the offer said order books had come close to the $69 billion record for an emerging markets bond issue that was set by Argentina in April this year. Saudi Arabia is expected to raise up to $17.5
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