VOL. XXXI
NO. 38
27-JUNE-1988
Financial and Banking News
LOANS AND ISSUES
Second Issue of Sinai Bonds Expected
A second issue of 'development bonds' by the Saudi Arabian Government isexpected on 25 June, according to local press reports. No details of the firstissue have yet been officially released, but local bankers are quoted assuggesting that no more than SR1bn of the first SR1.5bn issue was subscribed.Part of the reason for the reluctance of Saudi banks to subscribe to the newinstruments is...
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