DUBAI, Feb 24 (Reuters) – Saudi Arabia tightened price guidance for a euro-denominated bond deal comprising tranches of three and nine years after receiving over 4.9 billion euros in orders for the debt sale, a document showed on Wednesday.
It gave final price guidance of around 45 bps plus or minus 5 bps over mid-swaps for the three-year and around 75 bps plus or minus 5 bps over mid-swaps for the nine-year notes, the document from one of the banks on the deal showed.
Initial price guidance was around 60 bps over mid-swaps for the three-year portion around 90 bps over mid-swaps for the nine-year bonds.
BNP Paribas , Goldman Sachs , HSBC , Citi , JPMorgan , Standard Chartered and Samba Capital are arranging the deal, which is expected to close later on Wednesday.
(Reporting by Yousef Saba, editing by Louise Heavens) ((Yousef.Saba@thomsonreuters.com; +971562166204))
