Completion of pricing of bonds of 4 billion dollars

Today, the Public Investment Fund announced the completion of an international pricing of four billion dollars (equivalent to 15 billion riyals), noting that revenue for the public fund’s purposes.
The proposal of international bonds comes within the Fund for Medium -term International Bonds program, and the offering witnessed four times the total number of proposals, as the volume of demand exceeded approximately $ 16 billion.

Distribution of the offering on two slices

The fund noted the distribution of the offering on two SIM cards: the first with a value of $ 2.4 billion (equivalent to 9 billion riyals), for five -year bonds, and the second with a value of $ 1.6 billion (equivalent to 6 billion riyals), for bonds of nine and a half years.
The high demand reflects the effectiveness of the fund’s financing strategies, and emphasizes its role as a major engine of economic transformation in the Kingdom, as well as support the funds of the Fund and its adoption of best practices related to debt tools.
“The continuation of the strong demand from international institutional investors is an indication of the diversity of the investor base at the Public Investment Fund, the effectiveness of its medium -term financing strategy, its high efficiency and credit and financial assets.”
He added: “These factors support the access of the sustainable fund to the global capital markets and supports the fund’s efforts to lead the economic transformation in the Kingdom.”
The Public Investment Fund is rated (AA3) by Moody’s Credit Agency with a stable future look, and by (A+) by Vitch credit rating with a stable future look.
The fund adopts four main sources of financing represented in the profits of the investments, increasing capital through the state, government assets transferred to the fund, loans and debt tools.