Saudi Arabia Raises $11.5 Billion in First 2026 Bond Issue Amid Strong Demand
Saudi Arabia’s National Debt Management Center has completed investor subscriptions for the Kingdom’s first international bond issuance of 2026 under the Global Medium Term Note Program, attracting around $31 billion in orders, with coverage reaching 2.7 times the total issuance of $11.5 billion.
The offering was split into four tranches: a $2.5 billion three-year tranche maturing in 2029, a $2.75 billion five-year tranche maturing in 2031, a $2.75 billion ten-year tranche maturing in 2036, and a $3.5 billion thirty-year tranche maturing in 2056.
The center said the issuance was executed in line with the annual borrowing plan, which aims to diversify the investor base and efficiently meet the Kingdom’s financing needs from global debt markets.
Strong international demand reflects investor confidence in Saudi Arabia’s economic resilience and future investment opportunities, as the Kingdom continues to use debt instruments to finance its budget and support Vision 2030 projects without pressuring its financial reserves.
