SABB eurobonds in $600m oversubscribed

The bonds issued under the $1.6 billion EMTN program, gained a great success as it was oversubscribed. The bonds rated as “A” stable by Fitch and S&P were listed for trading in London Stock Exchange.
David Dew, managing director of SABB, said: “We are delighted with the level of interest shown by the investors and the fact that the issue was oversubscribed. SABB’s success in this issuance is testimony to its credit fundamentals and a demonstration of the international investors’ confidence in SABB and the solid Saudi economy.”