14 Dhu al-Hijjah 1445 - 21 June 2024
    
Sign up for newsletter
Eye of Riyadh
Business & Money | Wednesday 5 June, 2024 12:46 pm |
Share:

PIF successfully prices inaugural GBP bond offering

The Public Investment Fund (PIF) successfully priced its inaugural bond offering in sterling today, June 5, at £650 million under its existing Euro Medium-Term Note program. The issuance is part of PIF’s strategy to continually diversify its funding sources.

 

In an emailed statement to Argaam, PIF said the offering was more than 6x oversubscribed, and comprised of the following tranches:

 

A £300 million (SAR 1.44 billion), five-year coupon, and a £350 million (SAR 1.68 billion), 15-year coupon.

 

Loans and debt instruments represent one of PIF’s four primary sources of funding. The other sources are retained earnings from investments, capital injections from government and government assets transferred to PIF.


 

Share:
Print
Post Your Comment
ADD TO EYE OF Riyadh
RELATED NEWS
PIF mulls to invest $15B in Brazil: Report
PIF mulls to invest $15B in Brazil: Report
Saturday 15 June, 2024 5:42
PIF keen to invest in Brazil: Governor
PIF keen to invest in Brazil: Governor
Thursday 13 June, 2024 10:27
MOST POPULAR