VOL. XXXI
NO. 40
11-JULY-1988
Financial and Banking News
LOANS AND ISSUES
SAMA Issues Second Series of Bonds
The Saudi Arabian Monetary Agency (SAMA) offered a second SR1.5bn ($400mn)issue of "development bonds" on 25 June. The bonds were offered in oneto five-year maturities, although there continues do be some confusion overthe precise method to be used for making yield calculations. The one-year paperappears to be yielding around 7.75% (+/-25bp) while the five-year maturitieshave been estimated...
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