NO. 46


Financial and Banking News

Regional Financing

Saudi Arabia Issues $280Mn Floating Rate Notes - First In TheGulf...

Saudi Arabia was to issue $280mn in floating rate notes (FRNs) on 15August, the first FRN issue by any Gulf entity, public or private. The notesare being issued in the name of "The Government of the Kingdom of SaudiArabia," a form of words which avoids the need for the issue to besanctioned by a Royal Decree (as it would have to be if the issuing name...