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DUBAI, Sept 16 (Reuters) - Saudi Arabia has sold a new tranche of bonds worth 20 billion riyals ($5.33 billion) to banks to help cover its budget deficit, the Maaal financial website said on Wednesday, citing informed sources.
The five-year tranche carried a coupon of 1.92 percent, while the seven-year portion had a rate of 2.34 percent and the 10-year issue pays 2.65 percent, according to Maaal.
The maturities and coupons were the same as in the previous offering in August, also worth 20 billion riyals. That was the first issue that was sold to banks in the kingdom.
A separate offering in July was placed with state-owned financial institutions. ($1 = 3.7503 riyals)
(Reporting by Yara Bayoumy and Marwa Rashad; Writing by David French; Editing by Kevin Liffey) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
The five-year tranche carried a coupon of 1.92 percent, while the seven-year portion had a rate of 2.34 percent and the 10-year issue pays 2.65 percent, according to Maaal.
The maturities and coupons were the same as in the previous offering in August, also worth 20 billion riyals. That was the first issue that was sold to banks in the kingdom.
A separate offering in July was placed with state-owned financial institutions. ($1 = 3.7503 riyals)
(Reporting by Yara Bayoumy and Marwa Rashad; Writing by David French; Editing by Kevin Liffey) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))