VOL. XLI
No. 23
8-June-1998
SAUDI ARABIA
Saudi Issues Third Set Of Contractor Bonds
On 1 June the Saudi Government issued contractors with SR6bn ($1.6bn) in bonds withmaturities of between one and four years, according to sources in Riyadh. The exact amountissued is the subject of some speculation, but a senior banker in the Kingdom said thatthe amount was between SR5bn and SR6bn - less than the SR10-15bn adumbrated elsewhere.What is certain is that the SR6bn is split evenly into the four...
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