• Saudi Arabia successfully raised $12 billion from a three-part bond sale, attracting significant investor interest with a total order book of approximately $37 billion. The bonds, which have tenors of three, six, and ten years, were issued to help cover the kingdom's projected budget deficit of $27 billion for 2025 and to service existing debt. The strong demand allowed the government to reduce the pricing on the bonds, indicating robust investor confidence in Saudi Arabia's fiscal strategy and creditworthiness.

• This bond issuance is part of Saudi Arabia's broader strategy to diversify its financing sources as outlined in its annual borrowing plan for 2025, which anticipates financing needs of around SAR 139 billion ($37 billion). The plan includes allocations for covering the budget deficit and servicing debt maturities. Additionally, the kingdom's sovereign wealth fund, the Public Investment Fund (PIF), has secured a $7 billion murabaha credit facility, further enhancing its financial flexibility as it pursues ambitious projects under Vision 2030.