Saudi Arabia, one of the largest bond issuers in emerging markets, has announced its funding plans for 2025. Which of the following statements is correct?
A) The bonds being issued are in three tranches: 3-year, 6-year, and 10-year notes.
B) The kingdom’s funding needs for 2025 are estimated at $50 billion.
C) The bonds are being managed by Deutsche Bank, Barclays, and HSBC.
D) All funds raised will be used to repay maturing debt only.
Do you know the answer? Let us know in the comments below!
(We will reveal the correct answer in tomorrow’s quiz, so stay tuned!)
And the correct answer to the previous quiz is…
D. Minimalist!