| Saudi Arabia aims to start selling bonds in the international market as soon as next year as it seeks new ways to cover a budget deficit caused by low oil prices, banking industry sources said on Tuesday. The sources, who have been discussing the matter with officials in the central bank, the Saudi Arabian Monetary Agency (SAMA), said authorities had not yet finalised the plan but were making progress.
"If it's going to be January, June or 2017, I'm not sure," said a senior Gulf banker, declining to be named because of commercial sensitivities. "But it's something that's top of their minds." A Saudi commercial banker said bankers were pitching to both the finance ministry and SAMA...............................................Full Article: Source
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