According to Reuters, the kingdom, which issued $ 7.5 billion in international bonds in January, said its external borrowing strategy revolves around enabling the kingdom to borrow most of its financing needs. During the first quarter, to reduce exposure to market risks and allow government agencies and the public sector to choose the appropriate time for their external issuances.
The statement comes a few days before the expected release of the Saudi state oil giant, Saudi Aramco, for its first bonds in international markets.
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