Saudi Arabia this week kicked off the roadshow for the launch of its planned $15bn debut international bond with representatives from the kingdom promoting the issue in London to be followed by New York.

Citi, HSBC and JP Morgan have been hired as lead managers: also involved are Bank of China, BNP Paribas, Deutsche Bank, Goldman Sachs, Morgan Stanley, Mitsubishi UFJ, and Saudi bank NCB Capital.

The kingdom plans to use the proceeds to help fund the 2020 National Transformation Program...