Saudi Bonds Attract Over $20 Billion in Demand with New Dollar Offering

Global markets witnessed strong appetite for Saudi bonds as demand for the Kingdom’s new dollar-denominated issuance exceeded $20 billion, underscoring solid investor confidence in its sovereign debt.

Saudi Arabia plans to offer Saudi bonds across four tranches with maturities of 3, 5, 10, and 30 years, providing a range of options to meet diverse investment strategies.

Preliminary Pricing

Indicative pricing shows the 3-year tranche at 95 basis points over U.S.

Treasuries, the 5-year at around 100 basis points, the 10-year at 110 basis points, and the 30-year at approximately 140 basis points over Treasuries.

Support from the 2026 Budget

This momentum coincides with the approval of Saudi Arabia’s 2026 budget, which adopts an expansionary stance and projects 4.6% economic growth driven by non-oil activities—factors that continue to strengthen the appeal of Saudi bonds to global investors.

Analysts believe the strong demand reflects the Kingdom’s financial resilience and sustained market confidence in its economic policies.