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Are lenders losing their appetite for Saudi debt?

Are lenders losing their appetite for Saudi debt?
Tuesday 21
22:50 2019

Saudi Arabia's Public Investment Fund (PIF) is attracting only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources told the Reuters news agency. This suggests the kingdom may be losing its appeal for some lenders. In order to cultivate business in Saudi Arabia, some international banks have flocked to join the Saudi effort to reduce its reliance on oil. Still, Riyadh's relations with Western allies have been strained by the murder last year of journalist Jamal Khashoggi. The Saudi government raised tens of billions of dollars since 2016: nearly $60bn by issuing global bonds, and $16bn by ...

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Read more from Aljazeera : Are lenders losing their appetite for Saudi debt?
Aljazeera : Are lenders losing their appetite for Saudi debt?

Summary: Banks gave Saudi Arabia's Public Investment Fund cheap money, hoping for lucrative deals. Those days may be over.

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