| From Cpifinancial.net: Despite the prevailing global and regional market conditions, GIB’s final bond issue size had been increased from SAR 1.5 billion to SAR 2 billion due to the substantial demand from investors. The order book was closed with orders totalling around SAR 5 billion, representing an oversubscription of more than three times.
Market analysts say this bond issue reflects the increasing appetite for debt issues and the rapidly growing financial market in the Kingdom of Saudi Arabia, which has so far managed to curtail the negative impact of the global financial crisis............................Full Article: Source
|