(Bloomberg) -- Saudi Arabia set the size of its dual-tranche bond offering at $7.5 billion, according to a person familiar with the matter, who is not authorized to speak publicly and asked not to be identified.
The spread on the shorter portion of the deal, a $4 billion 10-year note maturing in April 2029, is 175 basis points over Treasuries, according to the person. The spread on the $3.5 billion, 31-year bond is set at 230 basis points.
The kingdom is tapping the international debt market for the first time since the October killing of journalist Jamal Khashoggi.
To contact the reporter on this story: Allan Lopez in New York at alopez11@bloomberg.net
To contact the editors responsible for this story: Christopher DeReza at cdereza1@bloomberg.net, Rizal Tupaz
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