Saudi Arabia this week sold $7.5bn in international bonds, the kingdom’s first foray in the international debt market since October’s murder of Jamal Khashoggi.

The brutal murder, and subsequent investor boycott of Saudi Arabia’s Future Investment Initiative conference (MEES, 19 October 2018), raised fears that some international investors would shy away from doing business in the kingdom.

Nevertheless the latest two-tranche bond issue was more than three times...