Saudi Arabia announced via an exchange filing that it will be buying back $1.27bn worth of its bonds due between 2023 and 2026. Details of the buyback are as follows:
~$632.5mn of its 2.875% 2023s
~$249mn of its 4% April 2025s
~$99mn of its 2.9% October 2025s
~$287mn of its 3.25% 2026s
The buyback settlement date is 27 October. This comes a week after the Kingdom announced the buyback, after raising $2.5bn via new 6Y and 10Y sukuk. Its 3.25% 2026s traded 0.31 points higher to 93.695, yielding 5.01%.
BondbloX is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.