Saudi Arabia uses a day after approval of the loan plan 2025 to international markets

Saudi Arabia started offering its first international bonds to 3 segments this year with the aim of financeing the major projects the country sees as part of a plan to diversify the economy away from oil, according to Bloomberg. The government began on Monday with procedures for selling debt instruments denominated in dollars on three segments. According to Bloomberg’s data, the guidelines of the three segments of three and ten years were determined, with a bonus of between 120 and 140 basis points on the US Treasury effects. City Group, Goldman Sachs and GB Morgan manage the agreement. The loan plan in 2025 The announcement of the offer comes a day after the Kingdom approved the annual loan plan for the financial year 2025, expects its financing needs to reach about 139 billion Riyale in the financial year (approximately $ 37 billion), an increase of 61% of a borrowing plan in 2024. Saudi Arabia estimated the budget deficit for the following year at 101 billion Riyale, parallel to estimate the increase in the debt balance by about 100 billion Riyal, to reach 1.3 trillion Riyale at the end of 2025. The public debt continued its rise in Saudi Arabia until the end of the third quarter of the year of 1.157 -trillions. At the end of last year, which is the highest number registered in the Kingdom so far, according to the Ministry of Finance Data. The size of Saudi debt tools (one billion dollars) * 2024 2023 2022 2021 2020 2017 2016 17 5 5 5 10.1 12 13.4 13 21.5 17.5 * Bloomberg data for the publications of the debt instruments in dollars and the euro by the Saudi government and the euro government. Last November, Moody’s raised the classification of the largest Arab economy to ‘AA3’, to join the ‘Fitch’ agency, which classified Saudi Arabia to ‘A’, both with a stable future appearance, a high ability to meet financial obligations, with low credit risk, while ‘S&B G-Global’ by the Royal Prohibal ban on With a positive future, and a good ability to fill with a positive future, with a positive future, with a positive future, with a positive future, with a positive future, with a positive future, and a good skill. Low credit risks. S&P Global noted that the kingdom is still in an appropriate position that allows it to issue more effects, as the debt rate to GDP is still low compared to most other countries. The agency recently strengthened the future view of the kingdom from stable to positive.